Bitcoin Liquidations: Unveiling a Volatile Imbalance Between Long and Short Positions

A recent surge in Bitcoin’s price has triggered a wave of liquidations, highlighting the inherent volatility within cryptocurrency markets. This 5% price swing resulted in $2.11 billion being wiped out from short positions, while a corresponding dip saw $7.85 billion disappear from long positions. This stark contrast reveals a clear imbalance in trading practices – traders are heavily favoring bullish bets on continued upside, leading to amplified volatility during price shifts.