If Bitcoin falls below $60,000, the mainstream CEX's cumulative long liquidation volume will reach $823 million.

June 9 figures from Coinglass show that if Bitcoin falls below $60,000, cumulative long liquidation intensity on major centralized exchanges (CEXs) will hit $823 million. Conversely, if Bitcoin climbs above $64,000, cumulative short liquidation intensity across the same platforms will reach $981 million. BlockBeats Note: The liquidation chart does not display the exact count or precise value of contracts set to be liquidated. The bars on the chart instead represent the relative importance of each liquidation cluster compared to neighboring clusters—this "intensity" is the key metric here. For this reason, the chart illustrates how much the underlying asset’s price will be impacted when it hits a specific level. A taller "liquidation bar" means reaching that price threshold will trigger a stronger reaction due to a liquidity cascade.