The post Bitcoin Set for $721M Short Liquidations on Major CEXs If It Breaks $93K, With $340M Long Liquidations Expected at $90K appeared on BitcoinEthereumNews.com. COINOTAG News, citing Coinglass data, notes that a Bitcoin break above $93,000 could ignite a cumulative short liquidation of around 721 million across major CEXs, underscoring growing liquidity risk as traders position at a key price level. Conversely, a fall below $90,000 may unleash roughly 340 million in cumulative long liquidations on major exchanges, signaling rising bearish pressure if bids fail to hold at support. COINOTAG emphasizes that the liquidation chart reflects relative intensity, not exact counts. The colored bars convey how sharply price action might react when a level is reached, indicating potential liquidity cascades rather than precise totals. For risk managers, the takeaway is discipline: monitor the $93k and $90k thresholds, apply prudent hedging, and adjust exposure as liquidity dynamics evolve in a volatile crypto market. Source: https://en.coinotag.com/breakingnews/bitcoin-set-for-721m-short-liquidations-on-major-cexs-if-it-breaks-93k-with-340m-long-liquidations-expected-at-90kThe post Bitcoin Set for $721M Short Liquidations on Major CEXs If It Breaks $93K, With $340M Long Liquidations Expected at $90K appeared on BitcoinEthereumNews.com. COINOTAG News, citing Coinglass data, notes that a Bitcoin break above $93,000 could ignite a cumulative short liquidation of around 721 million across major CEXs, underscoring growing liquidity risk as traders position at a key price level. Conversely, a fall below $90,000 may unleash roughly 340 million in cumulative long liquidations on major exchanges, signaling rising bearish pressure if bids fail to hold at support. COINOTAG emphasizes that the liquidation chart reflects relative intensity, not exact counts. The colored bars convey how sharply price action might react when a level is reached, indicating potential liquidity cascades rather than precise totals. For risk managers, the takeaway is discipline: monitor the $93k and $90k thresholds, apply prudent hedging, and adjust exposure as liquidity dynamics evolve in a volatile crypto market. Source: https://en.coinotag.com/breakingnews/bitcoin-set-for-721m-short-liquidations-on-major-cexs-if-it-breaks-93k-with-340m-long-liquidations-expected-at-90k

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more