Bitcoin dip below $73,000 may spark $538M in long liquidations across major CEXs

BlockBeats reported on April 19, citing Coinglass data, that a move in Bitcoin below $73,000 could trigger an estimated $538 million in cumulative long liquidations across major centralized exchanges. If Bitcoin rises above $77,000, cumulative long liquidations on major CEXs could reach $607 million. BlockBeats noted that the liquidation heatmap does not show the exact number of contracts at risk or the precise notional value that would be liquidated. Instead, the chart's bars reflect the relative intensity of liquidation clusters versus nearby levels, indicating how strongly price could react when those levels are hit. Taller bars suggest a larger liquidity wave and a sharper market response if the price reaches that zone.