On July 29, according to Coinglass data, based on the current mainstream CEX contract positions, if Bitcoin rebounds and breaks through $71,000, it is expected that $1.218 billion of short orders will be liquidated. If Bitcoin falls to around $69,000, it is expected that $315 million of long orders will be liquidated.
If Bitcoin breaks through $71,000, mainstream CEXs will have $1.218 billion in short positions liquidated.
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