Professional insights and potential trends for the next 24 hours

Total liquidations in the past 24 hours amounted to $25.30 million.

Long positions liquidated: $10.34 million.

Short positions liquidated: $14.96 million.

The higher liquidation of short positions ($14.96 million) compared to long positions ($10.34 million) suggests that the price has been moving upward, causing short positions to be liquidated at a higher rate.

This trend indicates a bullish sentiment, with traders betting against Bitcoin (short positions) being forced to close their positions due to rising prices.

- In the last 4 hours, the liquidations were primarily short positions ($1.09 million in shorts vs. $24.42K in longs), reinforcing the short-term upward trend.

- However, in the last 1 hour, there were only liquidations of long positions ($5.02K), indicating a slight downward movement or a minor correction.

Potential Strategy for the Next 24 Hours:

Bullish Outlook:

- Given the higher short liquidations over the past 24 hours and the trend of upward movement, the market sentiment appears to be bullish.

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