The downward trend in Bitcoin ($BTC) and altcoins continues. With the market in a bear market and prices expected to fall further, the latest data has arrived from the cryptocurrency tracking platform Coinglass.
According to recent data from Coinglass, Bitcoin’s price movements are poised to trigger significant liquidation events on mainstream cryptocurrency exchanges (CEXs).
“At this point, if Bitcoin rises above $69,000, $1.41 billion worth of $BTC short positions on CEXs will be liquidated.”
en.bitcoinsistemi.com