According to ChainCatcher, data from Coinglass shows that if BTC falls below $71,743, the total liquidation value of long positions on major CEXs will reach $2.545 billion. Conversely, if BTC breaks above $79,213, the total liquidation value of short positions on major CEXs will reach $1.186 billion.
BTC Breaks $71,743, Triggering $2.545B in Long Liquidations on Major CEXs
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Summary
Bitcoin falls below $71,743, triggering $2.545 billion in long liquidations across major centralized exchanges, according to Coinglass data. On-chain trading signals indicate that long-term investors are closely monitoring the $79,213 level. If BTC rises above this level, short liquidations could reach $1.186 billion. ChainCatcher reports that this movement reflects key support and resistance levels for BTC traders.
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