If Bitcoin falls below $80,000, the cumulative long-position liquidation intensity across major CEXs will reach $692 million.

According to Coinglass data, on October 23, if Bitcoin’s price breaks below $80,000, the cumulative liquidation intensity of long positions across major centralized exchanges (CEXs) will rise to $692 million; conversely, if the price surges above $83,000, the liquidation intensity for short positions will reach $1.025 billion. Note that the liquidation heatmap does not indicate the exact number of contracts pending liquidation or the precise value of those contracts. Instead, the bar heights represent the *relative importance*—i.e., “liquidation intensity”—of each liquidation cluster compared to neighboring clusters. In other words, the chart reflects the potential market impact triggered when the underlying asset’s price reaches a given level: the taller the bar, the more intense the market reaction likely to follow—driven by concentrated liquidity release—at that price point.