First, the data: $BTC , down 4.32% over 24h
News: If Bitcoin falls below $70,000, cumulative liquidation pressure on long positions across major CEXs will reach $622 million.
This is a headwind for short-term price action; the long-term impact will depend on further details. Statistically, price movements after similar news have not always been the same, so don't blindly apply past experience.
For record-keeping only, not investment advice.
News: If Bitcoin falls below $70,000, cumulative liquidation pressure on long positions across major CEXs will reach $622 million.
This is a headwind for short-term price action; the long-term impact will depend on further details. Statistically, price movements after similar news have not always been the same, so don't blindly apply past experience.
For record-keeping only, not investment advice.