Data: Bitcoin Short Positions on CEX May Have Been Largely Liquidated
According to Coinglass's Bitcoin trading platform liquidation map data, Bitcoin short positions on CEX may have been mostly liquidated. The chart data shows that if the price falls to $100,329, the cumulative long position liquidation intensity will reach 1.602 billion, surpassing the current visible total long position liquidation intensity on the chart. If the price falls to $98,296, the cumulative long position liquidation intensity will reach 3.487 billion. After this rise, the Bitcoin contract funding rate on CEX has finally turned neutral.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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