💥 $BTC 12 July 7: BTC liquidated both long positions chasing the highs and short positions trying to catch the top in just a few hours.

In the hours leading up to the close, BTC experienced an extreme market movement on the 1H chart: it first plummeted to around 88K, then was instantly pulled back up to 91K, sweeping through the Bollinger Bands’ upper and lower bands in a short time, almost like a roller coaster.

🔥 #爆仓数据 tells us: in the past 12 hours, long positions lost more, but shorts didn’t fare much better either. 👇👇

- Total liquidation across the network: $9828.66 million

- Long positions: $6025.80 million

- Short positions: $3802.86 million

Even Sundays are hard to rest. 🤯