Data: If BTC breaks through $70,123, the total liquidation strength of short positions on mainstream CEXs will reach $1.213 billion.

BTC-2,97%

ChainCatcher reports that, according to Coinglass data, if BTC breaks above $70,123, the total liquidation strength of long positions on major CEXs will reach $1.213 billion. Conversely, if BTC drops below $63,963, the total liquidation strength of short positions on major CEXs will reach $595 million.

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Over the past 24 hours, the entire network has experienced liquidations of $359 million, with long liquidations accounting for over 80% of the total.

Gate News Reports: On March 22, the total liquidation volume in the cryptocurrency market over the past 24 hours reached $359 million, with long liquidations at $293 million and short liquidations at $65.428 million. BTC liquidations reached $139 million, and ETH liquidations reached $108 million. A total of 119,490 traders were liquidated over the past 24 hours. The largest single liquidation occurred on a certain CEX's BTC-USDT-SWAP trading pair, valued at $10.0182 million.

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