According to ChainCatcher, data from Coinglass shows that if BTC drops below $67,901, the total liquidation value of long positions on major CEXs will reach $2.148 billion. Conversely, if BTC breaks above $74,969, the total liquidation value of short positions on major CEXs will reach $1.884 billion.
BTC Breaks $67,901, Triggering $2.148B in Long Liquidations on Major CEXs
ChaincatcherShare
Summary
Bitcoin surpassed $67,901, triggering $2.148 billion in long liquidations across major centralized exchanges, according to Coinglass data. On-chain trading signals suggest further downside could pressure long positions, while a move above $74,969 may trigger $1.884 billion in short liquidations. Traders are closely monitoring these levels for potential long-term investment opportunities amid shifting position balances.
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.