If Bitcoin falls below $71,000, the cumulative long-position liquidation intensity across major CEXs will reach $602 million.

According to Coinglass data, on November 10, if Bitcoin’s price breaks below the $71,000 level, the cumulative liquidation intensity of long positions across major centralized exchanges (CEXs) will reach $602 million; conversely, if the price rises above $75,000, the cumulative liquidation intensity of short positions will hit $480 million. It’s important to note that the liquidation heatmap does not display the exact number of contracts pending liquidation or the precise value of already-liquidated contracts. Instead, it uses bar height to represent the *relative importance*—or “liquidation intensity”—of each liquidation cluster compared to neighboring clusters. In other words, the chart illustrates 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.