BTC Breakthrough Predicts $628M CEX Liquidation Risk
A recent data analysis suggests that if Bitcoin (BTC) breaks through the $65,672 mark, major cryptocurrency exchanges (CEXs) will face a significant cumulative short selling liquidation strength of over $628 million.
This prediction is based on historical market trends and the current state of the cryptocurrency market. Short selling liquidation can have a ripple effect on the overall market sentiment and prices.
The analysis also notes that CEXs will face significant losses if Bitcoin fails to maintain its current price level, leading to a potential increase in market volatility.