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Bitcoin Liquidation Highlights Show Predominant Long Liquidations
In the past 24 hours, approximately $656.4 million in Bitcoin contracts have been liquidated. The liquidation predominantly involved long positions, totaling about $594.25 million, while short position liquidations amounted to approximately $62.15 million.
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AI Analysis
The recent liquidation data indicates a substantial exit from long positions in Bitcoin, comprising around 90.5% of the total liquidation. Thiscould be a sign of traders reducing their bullish bets, p...
AI Recommendation
Given the significant liquidation of long positions, it is advisable to approach new long entries with caution until the market shows signs of stabilization. This event could signal a short-term downt...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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