$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.