⚠ The market is massively entering short positions on BTC and ETH.
The liquidation chart shows how many leveraged positions will be forcibly closed at a certain asset price.
• If Bitcoin suddenly rises to approximately $70,330, the volume of forcibly closed short positions will exceed $4.92 billion.
• If Ethereum suddenly rises to approximately $2,083, the volume of closed short positions will exceed $2.46 billion.
Currently, traders have accumulated significantly more bets on a price decrease than on an increase, so a sharp upward price movement could trigger a stronger chain reaction than an equally strong price decrease.
🐣 $BTC $ETH
The liquidation chart shows how many leveraged positions will be forcibly closed at a certain asset price.
• If Bitcoin suddenly rises to approximately $70,330, the volume of forcibly closed short positions will exceed $4.92 billion.
• If Ethereum suddenly rises to approximately $2,083, the volume of closed short positions will exceed $2.46 billion.
Currently, traders have accumulated significantly more bets on a price decrease than on an increase, so a sharp upward price movement could trigger a stronger chain reaction than an equally strong price decrease.
🐣 $BTC $ETH