According to ChainCatcher, data from Coinglass shows that if BTC breaks above $67,094, the total liquidation value of long positions on major CEXs will reach $1.5 billion. Conversely, if BTC falls below $60,824, the total liquidation value of short positions on major CEXs will reach $1.309 billion.
BTC Breaks $67,094; Mainstream CEX Short Liquidations Could Reach $1.5B
ChaincatcherShare
Summary
Bitcoin surges past $67,094, triggering potential short liquidations of $1.5 billion on major centralized exchanges. A drop below $60,824 could result in long liquidations reaching $1.309 billion. Traders assessing the risk-to-reward ratio may prefer long-term investment strategies amid heightened volatility.
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.