A lot of long positions have piled up on $BTC and $ETH.

According to Coinglass, many traders are aggressively entering long positions, which increases the risk of mass liquidations if the market moves sharply.

If $BTC drops to around $81,600, more than $8.1 billion in long positions could be liquidated.

If $ETH falls to around $2,690, long liquidations could reach about $4.5 billion.