If Bitcoin goes up 10%, about $4.15 billion in short positions will be liquidated.
If Bitcoin drops 10%, around $2.95 billion in long positions will get wiped out.
So the question is simple: which side gets cleared first, the shorts or the longs?
If Bitcoin drops 10%, around $2.95 billion in long positions will get wiped out.
So the question is simple: which side gets cleared first, the shorts or the longs?