With Bitcoin (BTC) throwing a needle at $ 29 thousand, 92 million dollars of transactions were liquidated in the last 4 hours, 95 percent of this value was formed by “long” transactions.
Weakness signals that started in BTC became clear as it tested $29,000 during the day. BTC, which has been trying to hold between $ 29,700-$ 29,900 for a few hours, broke the minor support and shot directly at $ 29,000. Instantly, huge sales were seen in both BTC and altcoins. Reports of liquidation data surprised investors.
Almost all of the liquidated transactions are long way!
In the last 4 hours, 92.31 million dollars of transactions were liquidated. $87.83 million of this share belongs to “long” positions. BTC, which loosened directly to $ 29,000 with the loss of $ 29,700, in short, hit the investors who acted with the idea of long. The largest liquidation in a single transaction was BTC/USDT transaction worth $2.57 million on OKX exchange.
Another striking detail about these data is that 94.9 percent of the liquidated transactions belong to longs. In the last 4 hours, the most liquidation value came from OKX exchange. $35.2 million worth of transactions were liquidated in OKX. In second place is Binance, which has a total share of $ 24.15 million. 93 percent of the liquidated transactions on Binance belong to longs.
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