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Data: If Bitcoin falls to $50,000, mainstream CEX will have $658 million in long orders liquidated

Data: If Bitcoin falls to $50,000, mainstream CEX will have $658 million in long orders liquidated

Bitget2024/07/08 05:12

According to ChainCatcher, based on Coingalss data, based on the current mainstream CEX contract positions, if Bitcoin falls to around $50,000, it is estimated that CEX will have $658 million in long orders liquidated.

On the other hand, under a unilateral downward trend, as long orders decrease, short orders increase. If Bitcoin rebounds to around $58,000, it is estimated that $1.522 billion in short orders will be liquidated.

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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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