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via Cointelegraph · By Cointelegraph Staff
Bitcoin Short Liquidations Top $7.9B as $80K BTC Price Holds Firm
BTC
BTC/USDT
$79,724.02
-0.24%
$79,724.02
-0.24%
(24s)24h Volume
$7,056,851,693.00
24h H/L
$80,107.99 / $79,233.00
Change: $874.99 (1.10%)
Long/Short
53.3%
Long: 53.3%Short: 46.7%
Funding Rate
+0.0022%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(09:13 PM UTC)
1 min read
Bitcoin (BTC) may have a clear path to $90,000 after $7.9 billion in short liquidations in February put pressure on the bears. Data show liquidations came in three waves that extended from February through April. The liquidations highlight a growing imbalance as BTC traders continue to build short positions above $80,000, while the price holds firm, creating repeat conditions for future short…
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