A one sided flush hit Bitcoin buyers on borrowed money. Over the last 30 minutes, $7.2M of $BTC long positions were closed by force across the major venues, as their collateral stopped covering the move against them.
Short positions, the bets on a lower price, lost just $45.0K in the same window. The pressure landed almost entirely on leveraged buyers.
The count comes from the raw liquidation streams of the major venues.
Short positions, the bets on a lower price, lost just $45.0K in the same window. The pressure landed almost entirely on leveraged buyers.
The count comes from the raw liquidation streams of the major venues.
