coin-img-ETHETH+3.08%coin-img-BTCBTC+3.52%coin-img-UCNUCN+0.47%coin-img-SOLSOL+4.71%coin-img-XRPXRP+7.76%coin-img-HYPEHYPE+0.20%coin-img-USDCUSDC-0.01%coin-img-ASTERASTER-4.18%coin-img-ETHETH+3.08%coin-img-BTCBTC+3.52%coin-img-UCNUCN+0.47%coin-img-SOLSOL+4.71%coin-img-XRPXRP+7.76%coin-img-HYPEHYPE+0.20%coin-img-USDCUSDC-0.01%coin-img-ASTERASTER-4.18%coin-img-ETHETH+3.08%coin-img-BTCBTC+3.52%coin-img-UCNUCN+0.47%coin-img-SOLSOL+4.71%coin-img-XRPXRP+7.76%coin-img-HYPEHYPE+0.20%coin-img-USDCUSDC-0.01%coin-img-ASTERASTER-4.18%coin-img-ETHETH+3.08%coin-img-BTCBTC+3.52%coin-img-UCNUCN+0.47%coin-img-SOLSOL+4.71%coin-img-XRPXRP+7.76%coin-img-HYPEHYPE+0.20%coin-img-USDCUSDC-0.01%coin-img-ASTERASTER-4.18%
user-avatar
Opeyemi Sule

Bitcoin Decline Linked to 71,000 BTC Long Position Imbalance Across 19 Exchanges

On-chain data shows approximately 71,000 BTC in long positions versus 27,900 BTC in shorts across 19 exchanges, according to Alphractal CEO Joao Wedson. The disparity has triggered cascading liquidations as Bitcoin breached key support levels at $100,000 and $90,000. Bitcoin traded at $86,251 at the reported time, up 3% over 24 hours.
BTC
BTC+3.49%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
Technical AnalysisTrading