CEX Liquidations Loom as BTC Nears Critical Price Thresholds

A new data analysis from Coinglass reveals that if Bitcoin (BTC) were to fall below $60,964, major cryptocurrency exchanges (CEX) would face significant liquidation of long positions, totaling over $1.344 billion.

This figure represents the cumulative strength of multiple bets placed on BTC's price, which would be subject to automatic closure if it dropped below this threshold.

Conversely, if BTC were to break through $67,283, CEX exchanges would face liquidation of short positions worth over $1.113 billion.