$BTC
💥 Bitcoin price storm warning!
💥 65,000 becomes a nightmare for short sellers, 62,000 becomes the life and death line for long sellers, and the liquidation storm may sweep the CEX market!
Bitcoin key price and market liquidation strength
Breaking through $65,000:
According to Coinglass data, if Bitcoin successfully breaks through the $65,000 mark, mainstream cryptocurrency exchanges (CEX) will face up to $296 million in short order liquidation pressure, showing the market's concentration of short positions at this price and potential risk release.
Falling below $62,000:
On the contrary, if the Bitcoin price falls below the $62,000 support level, the long positions of mainstream CEXs will suffer a heavy blow, and the cumulative long order liquidation intensity is expected to reach $393 million, reflecting the fragility of the market's long protection below this price.
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