Crypto Liquidation Risks on Bitcoin: $898M Long Exposure Below $64K

tx_pending_forever · 2026-02-28T18:05:02+00:00

Bitcoin traders face critical liquidation risks, with about $898 million at stake if prices dip below $64,000, and $1.417 billion if prices exceed $69,000. The analysis highlights significant market reactions at these levels, indicating a decisive influence on short-term price trends.

tx_pending_forever

2026-02-28 18:05:02

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According to the latest data from Coinglass as of February 28th, Bitcoin traders face significant crypto liquidation exposure at key price levels. With BTC currently trading at $65.13K, the digital asset sits at a critical juncture between two major liquidation clusters that could trigger substantial market reactions if breached.

Downside Long Liquidation Pressure

Should Bitcoin dip under $64,000, the aggregate long liquidation exposure across mainstream centralized exchanges would reach approximately $898 million. This represents a significant cumulative risk pool that could be triggered by a relatively modest 1.5% price decline from current levels. Such a liquidation cascade would force long position holders to exit simultaneously, potentially accelerating the downward momentum through increased selling pressure.

Upside Short Liquidation Opportunity

Conversely, if Bitcoin rallies above the $69,000 mark, traders holding short positions face substantial crypto liquidation risks, with the total short liquidation magnitude reaching $1.417 billion across major CEXs. This upper threshold suggests considerable bullish pressure is waiting to be unlocked, as closing short positions would require significant capital movement to cover losses.

Liquidation Intensity: The Mechanics Behind Price Reactions

The Coinglass liquidation chart visualizes not just the absolute number of contracts or their notional values, but rather the relative importance of each liquidation cluster compared to neighboring price zones. Each liquidation bar represents the magnitude of potential market impact at that price level. A taller “bar” indicates that reaching that particular price would generate a more severe reaction due to liquidity concentration and cascading forced liquidations.

Understanding crypto liquidation intensity helps traders recognize why certain price levels act as technical resistance or support—they’re not just psychological barriers, but points where substantial forced selling or covering must occur. The current positioning suggests Bitcoin remains trapped between two powerful liquidation zones that will determine short-term directional bias.

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