BTC below $76,000 could trigger $1.017 billion in long liquidations on major centralized exchanges.

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Bitcoin below $76,000 could trigger $1.017 billion in long liquidations across major centralized exchanges, according to Coinglass. On-chain trading signals indicate that short liquidations could reach $1.224 billion if BTC rises above $80,000. These levels highlight critical price points for traders and long-term investment strategies. Data reflects liquidation clusters, not exact contract values.

BlockBeats news, on September 8, according to Coinglass data, if Bitcoin falls below $76,000, the cumulative liquidation strength of long positions on major CEXs will reach $1.017 billion.


Conversely, if Bitcoin breaks above $80,000, the cumulative liquidation strength of long positions on major CEXs will reach $1.224 billion.


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 how significantly the asset price will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will trigger a stronger reaction due to a wave of liquidity when it arrives.

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