If Bitcoin breaks through $70,000, mainstream CEX will have $828 million in short positions liquidated
According to Coinglass data, based on the current mainstream CEX contract positions, if Bitcoin rebounds and breaks through $70,000, it is expected that $828 million worth of short positions will be liquidated. If Bitcoin falls to around $66,000, it is anticipated that approximately $1.069 billion in long positions will be liquidated.
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