Short-term warning: A large number of short orders in BTC and ETH contracts have been liquidated, pay attention to the risk of a pullback

In the past 4 hours, a large number of short orders have been liquidated in the BTC and ETH contract markets:

BTC: The maximum liquidation price is $61,161.9, and the liquidation amount at this point exceeds 1.177 million US dollars. ETH: The maximum liquidation price is $2693.51, and the liquidation amount at this point exceeds 202,000 US dollars.

As the market rises, short orders continue to be liquidated, and the market has a high probability of peaking and falling back. At present, the prices of BTC and ETH are both below the maximum liquidation price, and the BTC contract majors have completed two short orders of tens of millions of dollars.

In this case, short-term investors should pay special attention to the risk of a pullback, adjust their positions reasonably, and avoid losses caused by market fluctuations.

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