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If Bitcoin breaks through $70,000, mainstream CEX will have $828 million in short positions liquidated

If Bitcoin breaks through $70,000, mainstream CEX will have $828 million in short positions liquidated

Bitget2024/07/22 03:40

According to Coinglass data, based on the current mainstream CEX contract positions, if Bitcoin rebounds and breaks through $70,000, it is expected that $828 million worth of short positions will be liquidated. If Bitcoin falls to around $66,000, it is anticipated that approximately $1.069 billion in long positions will 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.

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