Golden Finance reported that in 2024, the dominance of long liquidations on all exchanges for Bitcoin fluctuated significantly, reflecting the fluctuations in market sentiment. In March, the dominance of long liquidations soared to more than 60%, while the price of Bitcoin fell sharply from about $70,000 to $60,000. This trend illustrates the impact of market adjustments on leveraged positions. Similarly, long liquidations increased again in June, and when the price of Bitcoin hovered around $60,000, the dominance of long liquidations once touched 70%, indicating increased market instability and risk aversion among traders. Golden Finance Note: The proportion of long liquidations to all liquidations in a certain period of time, that is, the number of long liquidations/(the number of long liquidations + the number of short liquidations). 50% means that the number of long and short liquidations is equal, more than 50% means that the number of long liquidations is larger, and less than 50% means that the number of short liquidations is larger.