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Crypto

Bitcoin Price Drop Triggers $12 Billion in Potential Liquidations

Guavy AI Editorial Team
Instruments
BTC
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According to data from Coinglass, if Bitcoin (BTC) were to drop below $60,468, main CEX exchange cumulative long contracts would trigger a collective liquidation strength of $1.242 billion.

This estimate is based on current market conditions and may change as the price fluctuates.

Conversely, if BTC were to surge past $66,452, main CEX exchange cumulative short contracts would result in a collective liquidation strength of $1.122 billion.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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