According to ChainCatcher, data from Coinglass shows that if BTC breaks above $78,377, the total liquidation value of long positions on major CEXs will reach $2.327 billion. Conversely, if BTC drops below $71,279, the total liquidation value of short positions on major CEXs will reach $906 million.
BTC breaking above $78,377 could trigger $2.327 billion in short liquidations on major centralized exchanges.
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Summary
On-chain trading signals indicate that BTC breaking above $78,377 could trigger $2.327 billion in short liquidations across major centralized exchanges, according to Coinglass data. A drop below $71,279 may result in $906 million in long liquidations. Value investing in crypto remains a key strategy amid volatile price movements and leveraged positions.
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