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Summary

BlockBeats reported that if Bitcoin (BTC) moves above $93,000, short-position liquidation pressure could expand sharply on major centralized exchanges (CEXs).
It said that if Bitcoin falls below the $90,000 level, cumulative long-position liquidation intensity could expand to around $637 million.
The outlet added that a liquidation heatmap shows liquidation-cluster intensity by price band and serves as a reference for gauging potential increases in liquidity shockwaves and volatility when certain levels are reached.

An analysis suggests that if Bitcoin (BTC) breaks above $93,000, liquidation pressure on short positions could expand sharply across major centralized exchanges (CEXs).

According to BlockBeats on the 12th, CoinGlass, a derivatives data analytics platform, estimates that if Bitcoin rises above $93,000, cumulative short liquidations on major CEXs could reach $352 million (about KRW 510 billion).

Conversely, if Bitcoin falls below the $90,000 level, cumulative long-position liquidations could expand to as much as $637 million (about KRW 935.5 billion). This implies that a downside break could concentrate relatively heavier liquidation pressure on long positions.

A liquidation heatmap is used as a reference indicator to gauge how much impact market liquidity may face when Bitcoin reaches certain price ranges. The higher the liquidation intensity at a given level, the more liquidity shockwaves may amplify once that price is reached, increasing volatility.

The outlet added that “a liquidation heatmap does not indicate the exact number of contracts or the amount that will actually be liquidated,” noting that “the indicator focuses on showing the relative importance—i.e., intensity—of liquidation clusters formed across each price range.”