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#GT# #BTC# #XRP# #ETH# #DOGE#
Today, there was an unexpected turn in the Bitcoin derivatives market.
Typically, liquidation operations have significantly moved in one direction, which has become noticeable even in a market known as "volatile." In just the last hour, leveraged Bitcoin trades worth approximately $13.48 million were closed, and almost all of them came from long positions, according to.
And since the cost of the short sale was only $7,790, the difference between them reached 17,300%.
Prices were not in a state of sharp decline at that time. Bitcoin was trading at around 119,500, which was slightly below its previous record of 120,000 US dollars. However, the way positions were distributed meant that any small decline was enough to trigger the liquidation of a group of long positions.