The year 2024 saw big swings in Bitcoin's long clearing dominance across all exchanges, reflecting swings in market sentiment. In March, the dominance of long clearing surged to over 60%, while the price of Bitcoin fell sharply from around $70,000 to $60,000. This trend illustrates the impact of market corrections on leveraged positions.
Similarly, long liquidations increased again in June, and the dominance of long liquidations hit 70% at one point when the bitcoin price was hovering around $60,000, indicating increased market instability and risk aversion among traders.
Bitcoin long clearing accounted for 70% in June
2024-07-03 01:09:20
2024 bitcoin trading long clearing dominance status emergence sharplydesk3cryptocurrencydesktopCrypto News
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