Leveraged Bitcoin buyers just took a hit. In the last 30 minutes, exchanges closed $8.9M of $BTC long positions by force. These were bets on a higher price made with borrowed money, shut once losses ate through the margin behind them.
Traders positioned for a drop came through nearly untouched, with $100.5K of short positions liquidated in the same half hour.
The figures come from the raw liquidation streams of the major venues, so the pressure in this window landed on the long side.
Traders positioned for a drop came through nearly untouched, with $100.5K of short positions liquidated in the same half hour.
The figures come from the raw liquidation streams of the major venues, so the pressure in this window landed on the long side.
