Bitcoin short liquidations could reach $554M if price breaks $89,000 on major CEXs, Coinglass data show

Bitcoin could trigger an estimated $554M in cumulative short liquidations on major centralized exchanges if the price moves above $89,000, Coinglass data show, as cited by BlockBeats on Jan. 1. A drop below $86,000 would correspond to around $856M in total long liquidations across these CEXs. BlockBeats noted the liquidation heatmap does not represent the exact number or value of contracts to be liquidated, but instead indicates the relative importance or intensity of each liquidation cluster, with higher "liquidation bars" suggesting stronger market reactions driven by liquidity waves when the asset reaches those price levels.