According to ChainCatcher, data from Coinglass shows that if BTC falls below $70,346, the total liquidation value of long positions on major CEXs will reach $2.056 billion. Conversely, if BTC breaks above $77,312, the total liquidation value of short positions on major CEXs will reach $1.514 billion.
BTC Breaks $70,346, Triggering $2.056B in Long Liquidations on Major CEXs
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Summary
Bitcoin surpassed $70,346, triggering $2.056 billion in long liquidations across major centralized exchanges, according to Coinglass data. On-chain trading signals suggest further downside could accelerate forced exits. Conversely, a move above $77,312 could trigger $1.514 billion in short liquidations. Traders are advised to closely monitor key levels, particularly those employing long-term investment strategies.
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