BTC Below $65,000 Could Trigger $675M Long Liquidations on Major CEXs

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On-chain trading signals show Bitcoin below $65,000 could trigger $675M in long liquidations on major CEXs. If BTC climbs past $69,000, short liquidations may hit $905M. The data highlights cluster strength, not exact contract values. Long-term investors should monitor these levels closely as market positioning shifts.

BlockBeats news, on February 12, according to Coinglass data, if Bitcoin falls below $65,000, the cumulative long liquidation intensity on major CEXs will reach $675 million.


Conversely, if Bitcoin breaks through $69,000, the cumulative short liquidation strength on major CEXs will reach $905 million.


BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of liquidated contracts. The bars on the liquidation chart represent the relative importance, or intensity, of each liquidation cluster compared to neighboring clusters.


Therefore, the liquidation chart shows the extent to which the asset price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that once the price reaches that level, it will trigger a stronger reaction due to a liquidity wave.

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