Highly leveraged positions in Bitcoin futures continue to explode!
According to 7-day data:
🔺 $10.04 billion in long positions were liquidated (price: $96,314)
🔻 $3.25 billion in short positions were liquidated (price: $119,166)
This imbalance indicates that the market has become much more fragile on the long side and that declines could be more severe. The BTC price was sharply rejected at the 107,763 level. Volatility may remain high in the coming days.
