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Mainstream CEX Will Have $1.522 Billion in Short Liquidations If Bitcoin Breaks $70,000

Mainstream CEX Will Have $1.522 Billion in Short Liquidations If Bitcoin Breaks $70,000

Bitget2024/07/20 17:09

According to Coingalss, based on current mainstream CEX contract positions, $1.522 billion in short liquidations are expected if bitcoin rallies above $70,000, and $1.382 billion in long liquidations are expected if bitcoin falls near $64,000, according to Coingalss. If Bitcoin falls to near $64,000, $1.382 billion in long positions are expected to be liquidated.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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