If Bitcoin falls below $70,000, the cumulative long order liquidation intensity of mainstream CEX will reach 2.38 billion
According to Coinglass data if Bitcoin falls below $70,000, the cumulative liquidation strength of mainstream CEX long positions will reach 2.38 billion; conversely, if Bitcoin breaks through $73,000, the cumulative liquidation strength of mainstream CEX short positions will reach 440 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Bitcoin dominance rises to 58% as altcoins struggle, legacy tokens show strength
Bitcoin’s ability to maintain its market dominance without significant price appreciation remains a key consideration, particularly as legacy cryptos show renewed strength.The following is an excerpt from The Block’s Data and Insights newsletter.
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