Bitcoin Long Liquidations Could Hit $617M Below $88K, Coinglass Data Show
Coinglass data show cumulative long position liquidations across major centralized exchanges could reach $617 million if Bitcoin falls below $88,000, reported on Dec. 5. Short position liquidations may total $455 million if Bitcoin rises above $92,000. The liquidation heatmap represents relative intensity between liquidation clusters rather than exact contract volumes, indicating market impact magnitude as price reaches specific levels.