The dominance of Long Bitcoin liquidations across all exchanges has fluctuated significantly in 2024, reflecting fluctuations in market sentiment. Seven-day moving average data shows periods of increased Long liquidation, especially in April and June, coinciding with significant price movements.
In March, the dominance of Long liquidations spiked above 60%, correlating with a significant drop in Bitcoin price from around $70,000 to $60,000. This trend illustrates the impact of market corrections on leveraged positions.
Likewise, June saw another increase in long position liquidations, with dominance briefly touching 70% as Bitcoin price hovered around $60,000, indicating instability market growth and risk aversion among traders.
The general trend over the past three years shows that while Bitcoin price has increased, Long liquidation dominance has experienced periodic increases, indicating persistent volatility and the influence of macroeconomic factors on trader behavior. Understanding these trends is critical for market participants to navigate the complex landscape of Bitcoin futures trading.
Source: https://tapchibitcoin.io/su-thong-tri-thanh-ly-long-bitcoin-dat-70-vao-thang-6.html
