If BTC Falls Below $58,862, CEX Long Liquidations Could Hit $1.372 Billion

BTC0.78%
According to Coinglass data, if Bitcoin drops below $58,862, major CEX cumulative long position liquidations would reach $1.372 billion. Conversely, if BTC breaks above $65,026, cumulative short position liquidations across major CEX would reach $998 million.
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