Bitcoin fell from $107,000 to $85,000 in just 11 days, with Binance's long-short account ratio at 2.67:1
On November 22, news reported by on-chain analyst Ai Yi monitored that Bitcoin fell from $107,000 to $85,000 in just 11 days, with the market continuing to decline. In the past 24 hours, the total liquidation amount in the market was $1.87 billion, of which long positions accounted for 87%; the total liquidation scale over the past week was between $5-7 billion, with BTC accounting for 40-60%; due to last night's dip, both BTC and ETH's open interest (OI) have decreased to varying degrees in the past 24 hours, with BTC OI at $58.55 billion and ETH at $32.72 billion. Contrary to intuitive feelings, long positions still dominate the existing OI. Taking Binance's BTC data as an example, the long-short account ratio in the past 24 hours was 2.67:1, with top traders showing a ratio as high as 3.38:1; most exchanges maintained a positive funding rate, meaning long positions continuously paid short positions. $BTC
