According to ChainCatcher, data from Coinglass shows that if BTC drops below $79,629, the total liquidation value of long positions on major CEXs will reach $1.863 billion. Conversely, if BTC breaks above $87,799, the total liquidation value of short positions on major CEXs will reach $1.673 billion.
BTC Breaks $79,629, Triggering $1.863B in Long Liquidations on Major CEXs
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Summary
Bitcoin surpassed $79,629, triggering $1.863 billion in long liquidations across major centralized exchanges, according to ChainCatcher. On-chain trading signals indicate further volatility, putting long-term investment strategies under pressure. If BTC rises above $87,799, short liquidations could reach $1.673 billion.
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