According to ChainCatcher, data from Coinglass shows that if BTC breaks above $66,155, the total liquidation value of long positions on major CEXs will reach $1.928 billion. Conversely, if BTC falls below $59,951, the total liquidation value of short positions on major CEXs will reach $951 million.
BTC breaking above $66,155 could trigger $1.928 billion in short liquidations on major centralized exchanges.
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Summary
On-chain trading signals indicate that a breakout above $66,155 for BTC could trigger $1.928 billion in short liquidations across major centralized exchanges, according to Coinglass data. A drop below $59,951 may result in $951 million in long liquidations. Value investing in crypto remains a key strategy as price volatility intensifies.
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