Kim Han-seok - News Type Change Test

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, a digital-asset (cryptocurrency) news outlet, CoinGlass data show that if Bitcoin rises above $93,000, cumulative short-liquidation intensity across major CEXs is estimated to reach $352 million (about KRW 510 billion).

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

A liquidation heatmap is used as a reference indicator to gauge the extent of potential impact on market liquidity when Bitcoin’s price reaches certain ranges. The higher the liquidation intensity at a given price zone, the more likely liquidity shocks will expand upon reaching that level, potentially increasing volatility.

The outlet added: “A liquidation heatmap is not an indicator of the exact number of contracts or amount that will actually be liquidated,” noting that “the indicator is focused on showing the relative importance—i.e., intensity—of liquidation clusters formed at each price range.”