The total online contract positions have already surged to $134.49 billion, yet liquidations have actually fallen to $340 million.
Over the past 24 hours, trading volume was $203.55 billion, down 11.34% from before. This suggests that although leverage is still at a high level, short-term trading enthusiasm is cooling off.
What’s even more interesting is that the number of long-position participants is clearly dominant:
On Binance, the long-to-short account ratio for BTC is 1.49; on OKX it’s even as high as 1.74.
That means there are now noticeably more longs than shorts in the market.
With positions continuing to pile up, trading volume declining, and longs holding an advantage—this kind of structure is most afraid of suddenly getting hit by a big bearish red candle that wipes out highly leveraged long positions all at once.
If BTC were to suddenly dip downward with a sharp needle-like move, do you think it could trigger another round of a long-position mass liquidation?$BTC
Over the past 24 hours, trading volume was $203.55 billion, down 11.34% from before. This suggests that although leverage is still at a high level, short-term trading enthusiasm is cooling off.
What’s even more interesting is that the number of long-position participants is clearly dominant:
On Binance, the long-to-short account ratio for BTC is 1.49; on OKX it’s even as high as 1.74.
That means there are now noticeably more longs than shorts in the market.
With positions continuing to pile up, trading volume declining, and longs holding an advantage—this kind of structure is most afraid of suddenly getting hit by a big bearish red candle that wipes out highly leveraged long positions all at once.
If BTC were to suddenly dip downward with a sharp needle-like move, do you think it could trigger another round of a long-position mass liquidation?$BTC
