Bitcoin Below $62,098 Could Put $462.29 Million in CEX Longs at Liquidation Risk, CoinGlass Data Shows

Bitcoin could trigger significant forced liquidations on centralized exchanges if it moves beyond key price levels. According to NS3.AI, CoinGlass data indicates that a drop below $62,098 would place an estimated $462.29 million in CEX long positions at risk of forced liquidation. The same data shows that a move above $64,178 would put about $410.13 million in CEX short positions at forced-liquidation risk.