According to ChainCatcher, data from Coinglass shows that if BTC breaks above $72,861, the total liquidation value of long positions on major CEXs will reach $1.569 billion. Conversely, if BTC falls below $66,583, the total liquidation value of short positions on major CEXs will reach $1.262 billion.
BTC Breaks $72,861; Mainstream CEX Short Liquidations Could Reach $1.569 Billion
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Summary
Bitcoin surges past $72,861, triggering potential short liquidations of up to $1.569 billion on major centralized exchanges. On-chain trading signals indicate strong momentum, with long-term investment sentiment gaining traction. Conversely, if BTC falls below $66,583, long liquidations could reach $1.262 billion.
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