The recent surge in Bitcoin's price has left short investors who were expecting a decline in a difficult position. Bitcoin's price movements are expected to trigger significant liquidation events on mainstream cryptocurrency exchanges. If Bitcoin falls below $62,000, $1.242 billion worth of long positions will be liquidated, whereas if it rises above $65,000, $651 million worth of short positions will be liquidated. In the last 24 hours, $164.9 million worth of leveraged transactions were liquidated, resulting in the liquidation of both long and short positions. Overall, 63,257 traders were liquidated, with the largest liquidation occurring in an ETH/USDT transaction on Binance.



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