What happened in this hour? Why did so many long positions get liquidated?
The decline started from yesterday's data.
The data shows that on August 15, according to The Data Nerd, 10 minutes ago, 2 wallets withdrew a total of 771 WBTC (about 44.79 million US dollars) from Binance.
According to analysis, one of the addresses belongs to Amber, which withdrew 100 WBTC 10 minutes ago. The other address has withdrawn a total of 1,606 WBTC (about 94.62 million US dollars) in the past 3 days.
10.14 million positions were liquidated in the past hour, including 9.76 million long positions and 380,000 short positions. This week, the long positions are very difficult.
The market is now bearish overall, so will there be a wave of increases tonight?
