If Bitcoin drops below $86,000, the mainstream CEX long liquidation pressure will reach 666 million.

Per Coinglass data, if Bitcoin drops below $86,000, the cumulative long liquidation intensity across major centralized exchanges (CEXs) will hit $666 million. Conversely, should Bitcoin climb above $89,000, the cumulative short liquidation intensity on these mainstream CEXs will reach $663 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts subject to liquidation or their precise value. Instead, the bars on the chart represent how each liquidation cluster ranks in importance relative to nearby clusters — that is, its intensity. As such, the chart illustrates the extent to which the target price will be impacted when it hits a specific level. A taller "liquidation bar" signals a more intense reaction will occur once the price reaches that threshold, driven by a liquidity cascade.