Liquidation data shows that approximately $1.07 billion in long positions could be forcibly closed if Bitcoin drops below the $60,593 price level, highlighting a significant concentration of leveraged bullish bets clustered near that threshold. The figure, derived from Coinglass liquidation map data, represents the cumulative value of long positions across major exchanges that would hit their liquidation prices if BTC were to trade below $60,593. These are not spot holders but leveraged futures traders whose collateral would become insufficient at that price.