BTC liquidation map expands outward: the $1.6 billion long-position liquidation zone below, and the $1.437 billion short-position liquidation zone above

A liquidation map updated in the early morning

August 6 at 2:30 a.m., Coinglass updated BTC with a larger liquidation map (cited by ChainCatcher): If BTC falls below $61,445, the liquidation intensity of long positions on major CEXs will reach $1.6 billion; if it breaks above $67,341, the liquidation intensity of short positions will reach $1.437 billion. Current price: $64,758 (Binance Aug 6 04:05 snapshot, up 0.69% in 24 hours). It is about $3,313 (~5.1%) away from the lower trigger point, and about $2,583 (~4.0%) away from the upper trigger point. The $61,000–$67,000 range has become the main battleground; $64,000 is just the midpoint on this map.

The amounts in the two magnet zones are asymmetrical: the $1.6B at the bottom is greater than the $1.437B at the top, so the long magnet zone is heavier. But in terms of distance, the trigger point on the top is actually closer by about $730. When price oscillates between the two zones, the closer it is to one side, the stronger the liquidation narrative on that side becomes.

“Mainstream CEX” here refers to the aggregated data source covering centralized exchanges such as Binance, OKX, and Bybit; it does not include on-chain contract platforms like Hyperliquid. “Cumulative liquidation intensity” is an estimate based on the current position distribution—i.e., the total one-sided notional amount that may be liquidated if price reaches that level. These two qualifiers determine the boundaries of this chart: switch to another data source or change the time point, and the numbers will differ.

Difference from yesterday’s chart

Yesterday’s 12:00 BTC article focused on a single-position snapshot: a 40x short order with a liquidation price at $64,888.6 and a size of about $103M. This early-morning snapshot is market-level data: the entire market’s longs have built up $1.6B of liquidation intensity below 61,445, while shorts have built up $1.437B above 67,341. These two perspectives can’t be directly compared—single-order size is only a small piece of the overall market map—but the direction is consistent: leveraged positions are pushing key price levels toward the 61,000 and 67,000 sides.

Coinglass calculates liquidation intensity in real time based on the current position distribution, so the numbers move as positions increase or decrease. Today’s snapshot only represents the distribution at 02:30. After that, if price moves to 64,500 or 65,000, the map will be redrawn. This article records the snapshot itself, not a prediction.

In the same early morning period, ETH’s liquidation map was also updated. Besides the two trigger prices 1,787/1,957 recorded in yesterday’s 16:00 article, Coinglass had provided a 2,045/2,254 version in an earlier snapshot. The liquidation chart structure of BTC and ETH is the same, but the underlying assets, price levels, and amounts differ. Seeing both charts together lets you feel where leveraged positions are stacked on each chain, but the two charts can’t be derived from one another.

Price action and background

Binance snapshot (August 6, 04:05): BTC at $64,758, 24h high $65,025 and low $63,880; 24h trading volume about 12,453 BTC, and trading value about $802M. Bitget News cited Cointurk at 02:48 saying BTC rebounded to around $64,150, whale activity increased, and the report also mentioned a “$80,000 target”—that was the analyst’s view, and this article does not treat it as fact.

Look further out: since early August, BTC has tested support around $62,000 twice (PrimeXBT). Delta Exchange research analyst Riya Sehgal, in a comment for Economic Times, said the demand zone of $62,200–$62,400 has been defended. The macro catalyst is easing tensions between Iran and the U.S. and expectations for an agreement on the Strait of Hormuz: risk-asset sentiment improves, and BTC returns above $64,000 (PrimeXBT and Pluang perspectives). These backgrounds explain why price is sitting in the middle of the map rather than hugging one magnet zone.

Pluang’s report adds a detail: news that the U.S. and Iran are nearing a temporary deal and reopening the Strait of Hormuz was one of the direct triggers for this risk-asset rebound. Geopolitical easing pushes oil prices down and eases inflation expectations; in turn, expectations for the dollar and interest rates change. There’s no consistent conclusion about the impact path of such macro variables on BTC. This article only records the event itself.

Why leverage is building up again in this range: in early August, BTC has been oscillating back and forth between $62,000 and $65,000. As volatility narrows, short-term funds become willing to use leverage again, and stop-loss and liquidation prices spread across a wider band. Crypto daily trading volume is at a 2026 low (Cryptopotato, August 5). In a quiet market, the magnetic pull of large liquidation zones is more pronounced than in high-volume conditions—because order-book liquidity is thinner, liquidation orders are easier to push price. That’s why this early-morning liquidation map is worth looking at separately.

How to read liquidation magnet zones

Liquidation intensity measures the one-sided amount that, based on the current position distribution, is estimated to be liquidated if price reaches that level. It has two key characteristics: first, it moves as positions change—it isn’t a fixed ruler; second, as price nears the trigger price, liquidation orders will execute automatically and push price further in the liquidation direction, causing large liquidation zones to form a magnetic pull effect.

Liquidations are triggered by the mark price. Exchanges typically use a weighted price from spot and derivatives as the mark price. A sudden wick spike doesn’t necessarily make all liquidation orders execute in the exact same millisecond; execution is often processed in batches. That’s why the liquidation map provides “intensity,” not “the必然 liquidation amount.”

The 02:30 snapshot is still in the Asian session: before European and American funds enter, order-book liquidity is relatively thin. The same map will be recalculated as new positions enter during the European and U.S. sessions. Data from the early morning is suitable as a structural reference, not as a coordinate that stays unchanged all day.

Put it into the current structure: if price breaks below 61,445, the $1.6B long liquidation zone could amplify the downside. If it breaks above 67,341, the $1.437B short liquidation zone could trigger a short squeeze. Both directions require volume/energy to cooperate; you can’t determine which side will arrive first by the liquidation map alone.

Put the trigger prices and known support levels side by side: $62,200–$62,400 is the demand zone repeatedly mentioned by analysts and market reports, and the liquidation trigger at 61,445 is about $1,000 below it. If the demand zone breaks down, the next major liquidation congregation point is at 61,445. Above, 67,341 is about $2,300 away from today’s high of 65,025, and there is no clearly identified liquidation congregation point in the data sources used for this round between those two. This arrangement only describes the relationship between price levels and does not constitute trading advice.

Risks and data-definition scope

Four points need to be explained separately. First, $1.6B and $1.437B are the snapshot values from Coinglass at 02:30 on August 6; after that they will change with positions, so time labeling is required when citing. Second, liquidation intensity is an estimate of the “amount that could be liquidated when reaching that price level,” not proof that price will necessarily reach it, and not that liquidation would occur all at once after reaching it. Third, the BTC price in this article comes from the Binance snapshot at 04:05 on August 6, which is about a 1.5-hour time difference from the liquidation snapshot; during that period, price had already risen. Fourth, funding rates and miners’ behavior were covered in yesterday’s BTC article, so this round won’t repeat them. Any market data involved in this article is not investment advice.

The data boundary also needs to be made clear: the movement of a liquidation map can be cross-validated with changes in derivatives funding rates and open interest. This article did not pull the complete time series of open interest; it only recorded two sets of public snapshots. Coinglass’s “mainstream CEX” aggregation differs from single-platform data and from on-chain contract data definitions, so cross-sectional comparisons can easily be distorted.

Watch list

Next, you can watch three points: whether Coinglass’s liquidation map shifts upward overall as price moves higher; how the relationship between 61,445 and the demand zone $62,200–$62,400 evolves; and whether a surge in short liquidation volume appears when breaking above 67,341. All three can be verified with public data and don’t require prediction. The longer price holds above 64,000, the higher the probability that the map shifts upward overall—this is a structural observation, not a directional call.

Summary

BTC’s liquidation map expanded outward in the early hours of August 6 to the 61,000–67,000 range: at the bottom, 61,445 holds a $1.6B long liquidation intensity; above, 67,341 holds a $1.437B short liquidation intensity. The current price of 64,758 sits slightly above the middle. In the short term, watch the oscillation between these two magnet zones and the accompanying volume/energy. Whichever side breaks first will be followed by liquidation pressure on that side. Are you watching the 61,445 below or the 67,341 above?

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The above is not investment advice