According to ChainCatcher, data from Coinglass shows that if BTC drops below $59,408, the total liquidation value of long positions on major CEXs will reach $1.514 billion. Conversely, if BTC breaks above $65,371, the total liquidation value of short positions on major CEXs will reach $596 million.
BTC Breaks $59,408, Triggering $1.514B in Long Liquidations on Major CEXs
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Summary
Bitcoin surpassed $59,408, triggering $1.514 billion in long liquidations across major centralized exchanges, according to Coinglass data. Long-term investors may closely monitor on-chain trading signals as the market responds. If BTC rises above $65,371, short liquidations could reach $596 million, highlighting key resistance levels.
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