Bitcoin Liquidation Map Shows $276 Million in Long-Side Intensity Below $67,000

As of 11:19 p.m. ET Thursday (04:19 UTC Friday), Bitcoin (BTC) traded at $68,923, down 6.76% over 24 hours. A move below $67,000 would bring the cumulative long-side liquidation intensity reading across major centralized exchanges to $276 million.

A move above $71,000 would bring the cumulative short-side reading to $579 million, more than twice the lower-threshold figure. The map’s bars compare each liquidation cluster’s relative importance with nearby clusters. The dollar readings do not show precise contract counts or values. A liquidation occurs when a leveraged position is forcibly closed because the trader cannot maintain the required margin.