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New on-chain trading signals indicate that BTC below $64,116 could trigger $722 million in long liquidations across major centralized exchanges. Long-term investment strategies may require adjustment, as $70,188 represents a key level with $706 million in short liquidation risk.

According to ChainCatcher, data from Coinglass shows that if BTC drops below $64,116, the total liquidation value of long positions on major CEXs will reach $722 million. Conversely, if BTC breaks above $70,188, the total liquidation value of short positions on major CEXs will reach $706 million.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.