The proportion of Bitcoin long positions liquidated in June once reached 70%, indicating an intensification of market instability
PANews reported on July 3rd, according to Cryptoslate, in 2024, the proportion of Bitcoin long liquidations on all exchanges fluctuated significantly, reflecting the instability of market sentiment. The seven-day moving average data shows that long liquidations have increased, especially in April and June. Notably, these surges in liquidation proportions coincide with significant price fluctuations.
In March, the proportion of long liquidations soared to over 60%, while at the same time, Bitcoin's price fell from about $70,000 to $60,000. This trend illustrates the impact of market adjustments on leveraged positions. Similarly, in June there was another increase in long liquidations; at one point reaching 70%, while Bitcoin prices hovered around $60k indicating an increase in market instability and risk aversion among traders.
The overall trend over the past three years shows that despite a rise in Bitcoin prices,the proportion of long liquidations has experienced periodic surges.This indicates continuous market volatility as well as macroeconomic factors influencing trader behavior.
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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