$698.5 Billion Scale Short Position Liquidation Expected if Bitcoin Breaks $74,341
According to CoinGlass data, if the Bitcoin (BTC) price breaks through $74,341, approximately $463.88 million (about 698.5 billion won) worth of short positions
What to know
- According to CoinGlass data, if the Bitcoin (BTC) price breaks through $74,341, approximately $463.88 million (about 698.5 billion won) worth of short positions
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According to CoinGlass data, if the Bitcoin (BTC) price breaks through $74,341, approximately $463.88 million (about 698.5 billion won) worth of short positions are expected to be forcibly liquidated on major centralized exchanges (CEXs).
On the other hand, if the Bitcoin price falls below the $72,108 mark, a large-scale liquidation of $368.02 million worth of long positions is analyzed to occur.