馃敟$2.3B USD in open positions were closed in the last 48 hours. Additionally, Bitcoin continues to liquidate Long positions, as the highest concentration of liquidation levels over the past 7 or 30 days was related to Longs.
On average, as the price drops, new Short positions are added, along with Longs, causing moderate volatility.
Typically, the closing of positions forces the price to drop, as major players reduce their risk amidst euphoric sentiment.
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馃憠 Alphractal
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