According to ChainCatcher, data from Coinglass shows that if BTC falls below $90,314, the cumulative long position liquidation volume on major CEXs will reach $2.964 billion. Conversely, if BTC breaks above $99,722, the cumulative short position liquidation volume on major CEXs will reach $1.498 billion.
Data: BTC Below $90,314 Could Trigger $2.964B Long Liquidations on Major CEXs
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Summary
New on-chain trading signals indicate that if BTC falls below $90,314, it could trigger $2.964 billion in long liquidations on major centralized exchanges, according to Coinglass. A breakout above $99,722 may result in $1.498 billion in short liquidations. As leveraged positions approach key levels, long-term investment strategies may need to be adjusted.
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