Coinglass: A drop below $70,604 in BTC could spark $2.108B in long liquidations across major CEXs

ChainCatcher cited Coinglass data showing that if Bitcoin (BTC) slides below $70,604, long liquidations on major centralized exchanges (CEXs) could total $2.108 billion. If BTC instead rallies above $77,964, short liquidations on major CEXs are estimated at $750 million.