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

On July 8th, according to Coinglass data, based on the current mainstream CEX contract position, if Bitcoin falls to around $50,000, it is expected that CEX will have $658 million in long liquidation. On the other hand, in a unilateral downward trend, as long positions decrease and short positions increase, if Bitcoin rebounds to around $58,000, it is expected that there will be $1.522 billion in short liquidation.