Bitcoin Plunge Triggers $79.7M Cumulative Long Position Liquidation Risk

According to recent data, if Bitcoin were to drop below $76,000, main CEX (Centralized Exchange) cumulative long positions would be subject to a collective liquidation intensity of 79.7 million.

This figure is based on the assumption that all long positions above the threshold would need to be closed, resulting in a significant increase in trading activity and potential market volatility.

The data does not provide information on the specific exchanges or their individual exposure to Bitcoin's price movements, but it highlights the potential risks associated with holding large amounts of Bitcoin when its value is declining rapidly.