Bitcoin Surges Past $60,000: CEX Short Position Liquidation Strength Jumps to 783 Million
Publication Time:2024-08-19 14:37:06
In the recent fluctuations of the crypto market, investors' focus on Bitcoin's breach of the critical price point of $60,000 continues to rise. Based on the latest data provided by the Coinglass platform, should this forecast materialize, the total short position liquidation strength on major cryptocurrency exchanges (CEX) would significantly escalate to 783 million. This suggests that once the Bitcoin price approaches this level, a substantial number of short contracts face the risk of being liquidated, resulting in a surge in liquidation scale.
Bitcoin
CEX
Liquidation Strength
$60,000