Data Shows: If Bitcoin Surpasses $64,000, Total Short Liquidations on Major CEXs Could Reach $540 Million

According to data from Coinglass, if Bitcoin surpasses the $64,000 mark, the total liquidation pressure for short positions on major centralized exchanges (CEXs) could reach as high as $540 million. Conversely, if Bitcoin drops below $60,000, the liquidation pressure for long positions on these exchanges could amount to $708 million.

This liquidation chart illustrates the potential impact on the market as Bitcoin reaches specific price points. Higher “liquidation bars” indicate that once these price thresholds are met, there will likely be a stronger market reaction driven by liquidity waves.