Over the past 7 days, the Bitcoin market has seen a fierce liquidation battle!
đ Total leverage liquidated from long positions: $6.2 billion
đ Total leverage liquidated from short positions: $4.83 billion
As the price recovered from the 94,000$ level to surpass 104,700$, both long and short leveraged positions effectively evaporated.
Has BTC found a healthier footing after such a massive liquidation, or is this a harbinger of the next sharp move?
We look forward to hearing your thoughts below!
