Bitcoin Price Movements Could Trigger Significant Liquidations
According to BlockBeats, data from Coinglass on July 21 indicates that significant liquidations could occur based on Bitcoin's price movements. If Bitcoin's price rises above $70,000, it is estimated that $1.522 billion in short positions will be liquidated. Conversely, if Bitcoin's price falls to around $64,000, approximately $1.382 billion in long positions are expected to be liquidated.