According to ChainCatcher, data from Coinglass shows that if BTC falls below $76,211, the cumulative liquidation strength of long positions on major CEXs will reach $1.037 billion. Conversely, if BTC breaks above $83,521, the cumulative liquidation strength of short positions on major CEXs will reach $1.003 billion.
BTC Breaks $76,211 as Mainstream CEX Long Position Liquidations Reach $1.037B
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Summary
Bitcoin surged past $76,211, triggering $1.037 billion in long position liquidations across major CEX platforms, according to ChainCatcher. Position trading activity remains intense as BTC approaches key resistance. If it rises above $83,521, short position liquidations could reach $1.003 billion. Traders are closely monitoring position sizing and leverage levels ahead of potential breakouts.
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