In the current Bitcoin market, a fierce battle between bulls and bears is unfolding around the key area of $91,000 to $95,000. Coinglass data reveals the high stakes of this contest: a breakout above $95,000 would trigger nearly $600 million in liquidations for short positions; a drop below $91,000 could ignite a long liquidation event of nearly $1 billion. Notably, the potential liquidation pressure for longs below is significantly greater than that for shorts above, adding a subtle layer of uncertainty to the current high-level standoff.
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YaoQianshuA
· 12-03 09:15
The analysis is amazing.
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YaoQianshuA
· 12-03 09:15
Wow, you can even see this—the long and short ratio!
In the current Bitcoin market, a fierce battle between bulls and bears is unfolding around the key area of $91,000 to $95,000. Coinglass data reveals the high stakes of this contest: a breakout above $95,000 would trigger nearly $600 million in liquidations for short positions; a drop below $91,000 could ignite a long liquidation event of nearly $1 billion. Notably, the potential liquidation pressure for longs below is significantly greater than that for shorts above, adding a subtle layer of uncertainty to the current high-level standoff.