Here are the Long and Short price levels that trigger large liquidations in Bitcoin ($BTC )

If Bitcoin breaks above $69,000, the cumulative short liquidation intensity across major centralized exchanges (CEXs) could reach $101 million, according to data from Coinglass.

However, if Bitcoin falls below $68,000, the cumulative long liquidation intensity across these exchanges could increase to $293 million.

It is important to note that the liquidation table does not provide the exact number or value of contracts that will be liquidated. Instead, it shows the relative importance of each liquidation cluster compared to its neighbors and highlights the magnitude of each potential price move. A higher liquidation level suggests that the market is likely to react more strongly to a wave of liquidations at that price level.

Liquidation data from Coinglass over the past few hours reveals the following for the entire crypto market:

1-hour data: $4.62 million liquidated, including $3.94 million longs and $680,000 shorts.

4-hour data: $9.21 million liquidated, including $6.32 million longs and $2.89 million shorts.

12-hour data: $26.29 million liquidated, including $18.62 million longs and $7.67 million shorts.

24-hour data: $60.59 million liquidated, including $31.31 million longs and $29.28 million shorts. #BTC $BTC