#BTCVSGOLD $BTC $ETH

Excessive Long Positions Flooding the Market

Data from Coinglass indicates that traders are heavily stacking long positions on BTC and ETH, creating a heightened risk of large-scale liquidations if volatility kicks in.

▪️ A dip in BTC toward $83,300 could wipe out more than $6.2 billion in long positions.

▪️ A drop in ETH to around $2,820 may trigger liquidations exceeding $4.27 billion.