Mainstream CEX Will Have $1.522 Billion in Short Liquidations If Bitcoin Breaks $70,000
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.
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.
You may also like
CryptoQuant: BTC valuation reset underway, market gradually returning to fundamentals
Kazuo Ueda: It is indeed possible to make policy decisions based on underlying inflation
Trending news
MoreThe Bank of Japan Governor's speech was "hawkish," stating that if the economy develops as expected, interest rates will continue to be raised, with specific decisions to be made after assessing the impact of the current rate hike.
CryptoQuant: BTC valuation reset underway, market gradually returning to fundamentals
Crypto prices
More
