According to ChainCatcher, data from Coinglass shows that if BTC falls below $60,638, the cumulative liquidation intensity of long positions on major CEXs will reach $1.46 billion. Conversely, if BTC breaks above $66,986, the cumulative liquidation intensity of short positions on major CEXs will reach $1.176 billion.
BTC Breaks $60,638, Could Trigger $1.46B in Long Liquidations on Major CEXs
ChaincatcherShare
Summary
According to ChainCatcher, Coinglass data indicates that if BTC drops below $60,638, liquidations of long positions on major centralized exchanges could reach $1.46 billion. On-chain trading signals suggest a key support level is under threat. If BTC rises above $66,986, short liquidations could amount to $1.176 billion. Traders are closely monitoring these levels for potential long-term investment opportunities amid evolving market conditions.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.