Bitcoin Price Movements Could Trigger Significant Liquidations

Bitcoin's price fluctuations could lead to substantial liquidations on major centralized exchanges. According to ChainCatcher, data from Coinglass indicates that if Bitcoin surpasses $67,296, the cumulative liquidation of short positions on these exchanges could reach $1.404 billion. Conversely, if Bitcoin falls below $60,976, the liquidation of long positions could total $967 million.