Liquidation Risk: BTC Below $66,174 Could Trigger $1.62B in CEX Longs

The significance here is structural rather than directional: the figure maps where leveraged positioning clusters, not where price is headed. A threshold this specific matters because forced selling from liquidations can amplify moves once triggered, turning an orderly decline into a cascade on centralized venues. The exposure sits with leveraged long traders and the exchanges carrying that open interest. Whether those positions get trimmed preemptively or held into the level is the open question, and it will shape how violent any move through it becomes.