Data: If Bitcoin falls below $62,000, mainstream CEXs will have $1.069 billion in long positions liquidated.

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According to CahinCatcher, according to Coinglass data, based on the current mainstream CEX contract positions, if Bitcoin falls below $62,000, mainstream CEX will have $1.069 billion in long orders liquidated.

If Bitcoin rebounds and breaks through $66,000, mainstream CEXs will have $1.412 billion in short orders liquidated.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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