Bitcoin slip below $65,000 may spark $600 million in long liquidations across major CEXs

ChainCatcher, citing Coinglass data, said a drop in Bitcoin below $65,000 could trigger about $600 million in cumulative long liquidations on major centralized exchanges. If Bitcoin moves above $69,000, cumulative short liquidations could reach roughly $570 million on major CEXs. Coinglass noted that its liquidation map does not show the exact number of contracts at risk or the precise notional value liquidated. The chart's bars indicate the relative size of each liquidation cluster versus nearby levels, highlighting where price may react more sharply as liquidity is forced through. Larger bars suggest stronger potential price moves when a given level is hit.