According to ChainCatcher, data from Coinglass shows that if BTC drops below $66,724, the cumulative liquidation intensity of long positions on major CEXs will reach $1.304 billion. Conversely, if BTC breaks above $73,613, the cumulative liquidation intensity of short positions on major CEXs will reach $1.296 billion.
BTC price levels trigger $13.04 billion in long liquidations on major centralized exchanges
ChaincatcherShare
Summary
BTC price action below $66,724 could trigger $13.04B in long liquidations across major CEXs, according to Coinglass data. Long-term investors should closely monitor this level. If BTC rises above $73,613, short liquidations could reach $12.96B. Price movement near these thresholds may rapidly shift market sentiment.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.