#GT# #BTC# #XRP# #ETH# #DOGE#


The Bitcoin derivatives market experienced a significant shift today.
Typically, liquidation operations have largely moved in one direction, which was evident even in a market known for its "volatility". In just the past hour, approximately $13.48 million worth of leveraged Bitcoin positions were closed, almost all of which came from long-term buy positions, according to .
Since the short selling value reached only $7,790, the discrepancy between the two reached 17,300%.

The prices were not in a sharp decline at that time. The price of Bitcoin was trading at around 119,500, just a little below its previous high of 120,000 USD. However, the way positions were distributed meant that any slight drop was enough to liquidate a batch of long contracts.
GT3.19%
BTC-0.15%
XRP-0.13%
ETH1.55%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
İnsertCoinvip
· 08-13 00:36
BullRun BullRun BullRun BullRun BullRun BullRun BullRun BullRun BullRun
Reply0
GateUser-73fa270evip
· 08-12 20:38
Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group using the name Satoshi Nakamoto. It began to be used by people when it was released as open-source software in 2009.
View OriginalReply0
Selmusvip
· 08-12 19:45
BTC ETH BTC ETH BTC ETH BTC ETH BTC ETH BTC ETH BTC ETH BTC ETH BTC ETH BTC ETH BTC ETH
Reply0
AENakovip
· 08-12 10:58
wow, what a mess, just scary
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)