Bitcoin faces $1.085 billion long-liquidation pressure below $75,000

Bitcoin trading below $75,000 would expose $1.085 billion in cumulative long-liquidation pressure across major centralized exchanges, while a break above $78,000 would expose $609 million in short-liquidation pressure, according to CoinGlass data cited by BlockBeats on Aug. 23. CoinMarketCap data showed Bitcoin at $76,257.78 as of 2:14 p.m. in Seoul, down 1.33% from a day earlier but up 20.98% from a week earlier. The liquidation figures represent the relative intensity of nearby leveraged-position clusters rather than an exact count or valuation of contracts awaiting forced closure.

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