"BTC plummets due to 'long selling storm', investors cut losses and miners continue to sell. According to CoinGlass data, a dive below $60,000 would wipe out $1.16 billion of long positions. However, A similar increase of 3.73% would wipe out $2.18 billion of short positions, showing that the market is now more confident in the price going down 😔 Let's comment on this situation!