According to ChainCatcher, data from Coinglass shows that if BTC falls below $64,057, the cumulative long liquidation intensity on major CEXs will reach $1.362 billion. Conversely, if BTC breaks above $70,609, the cumulative short liquidation intensity on major CEXs will reach $1.126 billion.
BTC price levels trigger $13.62 billion in long liquidations on major centralized exchanges
ChaincatcherShare
Summary
Bitcoin price action below $64,057 could trigger $13.62B in long liquidations across major CEXs, according to ChainCatcher data. Long-term investment strategies may come under pressure if the decline occurs. Conversely, a move above $70,609 could result in $11.26B in short liquidations. Price action remains critical for traders monitoring leverage risks.
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.