According to BlockBeats, data from Coinglass on July 24 indicates significant liquidation risks for major cryptocurrencies on leading centralized exchanges (CEX). If Bitcoin's price falls below $65,000, approximately $626 million worth of long positions could be liquidated on these platforms.
Similarly, if Ethereum's price drops below $3,400, around $299 million in long positions could face liquidation on major CEXs. These figures underscore the potential volatility and financial risks associated with the current market conditions for these leading digital assets.
