BTC Breaks $72,000, Could Trigger $474M in Short Liquidations on Major CEXs

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On-chain data from Coinglass indicates that if the BTC price breaks $72,000, major centralized exchanges could face $474 million in short liquidations. A drop below $68,000 may trigger $859 million in long liquidations. Blockbeats reports that the liquidation chart highlights key clusters but does not reflect exact contract values. The data suggests heightened volatility at these levels.

BlockBeats news, on February 14, according to Coinglass data, if Bitcoin breaks above $72,000, the cumulative liquidation strength of long positions on major CEXs will reach $474 million.


Conversely, if Bitcoin falls below $68,000, the cumulative long liquidation pressure on major CEXs will reach $859 million.


BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of liquidated contracts. The bars on the liquidation chart represent the relative importance, or intensity, of each liquidation cluster compared to neighboring clusters.


Therefore, the liquidation chart shows how significantly the asset price will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will trigger a stronger reaction due to a wave of liquidity when it arrives.

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