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.
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