According to ChainCatcher, data from Coinglass shows that if BTC falls below $66,413, the cumulative liquidation strength of long positions on major CEXs will reach $1.8 billion. Conversely, if BTC breaks above $73,355, the cumulative liquidation strength of short positions on major CEXs will reach $1.059 billion.
BTC price levels trigger $1.8 billion in long liquidations on major centralized exchanges
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Summary
Bitcoin price action near key levels triggered $1.8 billion in long liquidations if BTC falls below $66,413, according to ChainCatcher. A move above $73,355 could result in $1.059 billion in short liquidations on major centralized exchanges. Traders and long-term investors are closely monitoring these thresholds for potential market shifts.
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