According to ChainCatcher, data from Coinglass shows that if BTC falls below $60,028, the cumulative liquidation strength of long positions on major CEXs will reach $840 million. Conversely, if BTC breaks above $66,166, the cumulative liquidation strength of short positions on major CEXs will reach $670 million.
BTC below $60,028 could trigger $840M in long liquidations on major centralized exchanges.
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Summary
On-chain trading signals indicate that BTC falling below $60,028 could trigger $840 million in long liquidations across major centralized exchanges, according to Coinglass data. A move above $66,166 may lead to $670 million in short liquidations. Long-term investors should closely monitor these levels as position adjustments accelerate.
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