According to ChainCatcher, data from Coinglass shows that if BTC falls below $65,621, the cumulative liquidation intensity of long positions on major CEXs will reach $1.322 billion. Conversely, if BTC breaks above $72,446, the cumulative liquidation intensity of short positions on major CEXs will reach $511 million.
BTC Breaks $65,621, Triggering $1.322B in Long Liquidations on Major CEXs
ChaincatcherShare
Summary
Bitcoin triggered $1.322 billion in long liquidations across major centralized exchanges after dropping below $65,621, according to ChainCatcher. On-chain trading signals indicate further downside risk. If BTC rises above $72,446, short liquidations could reach $511 million, per Coinglass data. Long-term investors should closely monitor key support and resistance levels.
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.