Two Levels in Bitcoin Are Critical: Cumulative Liquidations Could Go As High As $665 Million

According to Coinglass data, a $665 million liquidation could be triggered if the Bitcoin price fails to reach two critical level

Bitcoin’s price action is set to trigger major liquidation events on mainstream cryptocurrency exchanges (CEX), according to the latest data from cryptocurrency tracking platform Coinglass.

If Bitcoin falls below $58,000, the cumulative long order liquidation intensity on these exchanges could reach $517 million. In contrast, if Bitcoin rises above $60,000, the cumulative short order liquidation intensity is expected to rise to $665 million.

Source - Bitcoin Sistemi

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