Bitcoin Price Action: $64,182 and $70,856 Levels Poised to Trigger Billions in CEX Liquidations

Recent data from Coinglass indicates that significant Bitcoin (BTC) price movements could trigger substantial liquidations across major centralized exchanges (CEXs). Should BTC fall below the $64,182 threshold, an estimated $1.397 billion in cumulative long positions would face liquidation. Conversely, a surge above $70,856 is projected to result in the liquidation of $1.167 billion in cumulative short positions. These critical price levels highlight potential volatility and the substantial leverage present in the cryptocurrency derivatives market, with over $2.5 billion in total liquidations at stake.