According to Coinglass, Bitcoin's price movement could trigger significant liquidation events on centralized exchanges. If the price drops below $61,000, long orders could face $653 million in liquidation, while breaking the $64,000 threshold could result in $848 million in liquidation for short orders. The provided liquidation chart shows the importance of these price levels and their potential impact on Bitcoin's price, indicating the strength of liquidity waves. It is important to note that this information is not investment advice.



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