According to ChainCatcher, data from Coinglass shows that if BTC falls below $66,167, the total liquidation value of long positions on major CEXs will reach $1.505 billion. Conversely, if BTC breaks above $72,664, the total liquidation value of short positions on major CEXs will reach $751 million.
BTC below $66,167 could trigger $1.505 billion in long liquidations on major centralized exchanges.
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Summary
New on-chain trading signals indicate that BTC falling below $66,167 could trigger $1.505 billion in long liquidations across major centralized exchanges, according to Coinglass. A rise above $72,664 may trigger $751 million in short liquidations. Long-term investment strategies may require adjustment as leveraged positions approach key levels.
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