$BTC unexpectedly dumped more than 3% (-3k), causing altcoins to fall sharply.
Long positions were liquidated by 470 million.
According to the liquidation map, longs are in dire straits, while shorts are heavily shorting.
If $BTC drops to 7k at 80k, longs will only be liquidated by 350 million. But just a 5k increase to 92k would liquidate 1.5 billion dollars in shorts.
Long positions were liquidated by 470 million.
According to the liquidation map, longs are in dire straits, while shorts are heavily shorting.
If $BTC drops to 7k at 80k, longs will only be liquidated by 350 million. But just a 5k increase to 92k would liquidate 1.5 billion dollars in shorts.