The Bitcoin market has experienced significant changes in liquidations, indicating an unstable situation for long-term investors. In the past four hours, $5.62 million in positions have been liquidated, highlighting a serious imbalance.
Volume of Liquidations in Bitcoin Market
Data from CoinGlass shows that in just four hours, positions worth $5.62 million were liquidated. Of this amount, approximately $5.28 million comes from liquidated long positions, while shorts lost only $345,000, creating a liquidation ratio of 1,530%.
Position Status on Exchanges
Despite significant liquidations, the position ratios on major exchanges like Binance and OKX do not indicate major trouble for long positions. The Binance BTC/USDT ratio stands at 1.89, while OKX shows a similar 1.88. This discrepancy helps explain the current liquidation situation.
Outlook for Long and Short Positions
With Bitcoin's price currently around $111,140, there is a heavy bias toward liquidations of long positions. If the situation does not change, short sales may continue to significantly impact long positions, even if the spot price remains stable.
The current situation in the Bitcoin market raises questions about the long-term stability of long positions. Recent events have shown significant liquidations, suggesting further price fluctuations ahead.
