$BTC 30 Billion Dollar Bull-Bear Showdown: This Signal Suggests Bears Are Running Out of Steam!
When Bitcoin just dropped below $112,000, long positions faced liquidations totaling $1.09 billion, but it quickly rebounded to $116,000.
At this time, short positions faced even more severe liquidations, reaching $2.504 billion, clearly indicating that there are many more bears than bulls. The significant drop yesterday was influenced by the collapse of the U.S. stock market, but if there are no bad news tonight, it should typically rebound. Although the bears have momentum now, they may not have much ammunition left to continue pushing the market down, and bulls could strike back at any moment.
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