According to Odaily, if Bitcoin's price falls to around $55,000, it is anticipated that mainstream CEX contracts will face a liquidation of approximately $620 million. This prediction is based on the current holding situation of mainstream CEX contracts, as per data from Coingalss.
The potential liquidation of such a significant amount could have substantial implications for the cryptocurrency market. However, it's important to note that these figures are based on current conditions and could change depending on various factors, including market volatility and investor behavior.
This information serves as a reminder of the inherent risks associated with cryptocurrency investments, particularly in a volatile market. Investors are advised to stay informed and make decisions based on careful consideration of market trends and their individual financial situations.