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BTC Breakthrough Predicts $628M CEX Liquidation Risk

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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.

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