The forced liquidation of short positions has exceeded that of long positions for the first time in a month and a half.


While looking at Coinglass's data, I noticed that the total forced liquidation amount the day before was $98M, of which short positions accounted for $588.6 million.
In other words, there were quite a few stop-losses on short positions.
Such a situation is rare, and the last time this pattern occurred was on January 13, so it has been more than a month and a half.
I wonder if the market trend is changing, or if this is just a one-off movement; it's still hard to judge.
But the fact that losses on short positions are so large might suggest that the market could be heading upward.
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