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If Bitcoin breaks through a new high, the cumulative short order liquidation intensity of mainstream CEX will reach 215 million

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According to Coinglass data if Bitcoin breaks through its historical high, the cumulative liquidation intensity of mainstream CEX short positions will reach 215 million yuan. Conversely, if Bitcoin falls below $68,000, the cumulative liquidation intensity of mainstream CEX long positions will reach 484 million yuan.

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