If Bitcoin falls to $50,000, mainstream CEX will have $658 million in long orders liquidated

BlockBeats reported that on July 8, according to Coingalss data, based on the current mainstream CEX contract positions, if Bitcoin falls to around $50,000, it is estimated that CEX will have $658 million in long orders liquidated.

On the other hand, under a unilateral downward trend, as long orders decrease and short orders increase, if Bitcoin rebounds to around $58,000, it is estimated that $1.522 billion in short orders will be liquidated.