PANews: Bitcoin Price Movements Could Trigger Significant Liquidations on CEXs

September 16, 2023: Coinglass data reveals that mainstream cryptocurrency exchanges (CEXs) could see a significant amount of liquidations depending on Bitcoin's price movement.

• If Bitcoin surpasses $60,000, a total of $526 million worth of short positions could be liquidated on CEXs.
• Conversely, if Bitcoin falls below $56,000, CEXs could see a total of $487 million worth of long positions liquidated.

Important Note: The liquidation chart does not display the exact number of contracts subject to liquidation or their precise value. The bars on the chart represent the relative significance of each liquidation cluster compared to its neighbors, indicating the intensity. Therefore, the chart depicts the extent to which a certain price level would be affected by liquidations. A taller "liquidation bar" implies a more intense reaction due to a liquidity wave when the price reaches that level.