According to ChainCatcher, data from Coinglass shows that if BTC falls below $61,147, the total liquidation value of long positions on major CEXs will reach $1.01 billion. Conversely, if BTC breaks above $66,823, the total liquidation value of short positions on major CEXs will reach $1.01 billion.
BTC Breaks $61,147, Triggering $1.01B in Long Liquidations on Major CEXs
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Summary
Bitcoin surpassed $61,147, triggering $1.01 billion in long liquidations across major centralized exchanges, according to Coinglass data. On-chain trading signals suggest further downside could amplify this trend. Conversely, a move above $66,823 may trigger similar short liquidations. Long-term investors are closely monitoring these levels for potential entry or exit opportunities.
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