According to ChainCatcher, data from Coinglass shows that if BTC falls below $63,076, the total liquidation value of long positions on major CEXs will reach $1.829 billion. Conversely, if BTC breaks above $69,060, the total liquidation value of short positions on major CEXs will reach $990 million.
BTC below $63,076 could trigger $1.829B in long liquidations on major centralized exchanges.
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Summary
BTC below $63,076 could trigger $1.829B in long liquidations across major centralized exchanges, according to Coinglass data. On-chain trading signals indicate that long positions are under significant pressure at this level. If BTC rises above $69,060, short liquidations could reach $990 million. Traders are advised to closely monitor these levels for potential volatility. Long-term investment strategies may require adjustment in response to changing leverage dynamics.
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