Bitcoin Could See Significant Liquidations if Price Falls Below $62,000

According to data from Coinglass, the current liquidation intensity of long positions on major centralized exchanges (CEX) is significantly higher than that of short positions. If Bitcoin falls below $62,000, the cumulative liquidation intensity of long positions on these exchanges could reach $1.819 billion. Conversely, if Bitcoin breaks above $66,000, the cumulative liquidation intensity of short positions on major CEXs could reach $1.005 billion.