Bitcoin Price Drops Threaten $476 Million in Liquidations

Data from Coinglass reveals that if Bitcoin’s price drops below $74,000, long positions on major centralized exchanges (CEX) could trigger a significant liquidation event totaling $476 million. Conversely, if Bitcoin surges past $78,000, short positions on these same exchanges might see a corresponding liquidation value of $982 million. 🚫 It’s important to note that the chart provided by BlockBeats doesn’t display exact contract numbers or their precise values but showcases the relative intensity of each liquidation cluster in comparison to nearby areas.