According to ChainCatcher, data from Coinglass shows that if BTC drops below $81,174, the total liquidation value of long positions on major CEXs will reach $823 million. Conversely, if BTC breaks above $88,830, the total liquidation value of short positions on major CEXs will reach $819 million.
BTC below $81,174 could trigger $823M in long liquidations on major centralized exchanges.
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Summary
New on-chain trading signals indicate that BTC falling below $81,174 could trigger $823 million in long liquidations across major centralized exchanges, according to Coinglass. A rise above $88,830 may lead to $819 million in short liquidations. Long-term investors should closely monitor these levels as leveraged positions approach key support and resistance areas.
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