The proportion of Bitcoin long positions liquidated in June reached 70%

In 2024, there was significant volatility in the dominant position of Bitcoin long liquidations across all exchanges, reflecting fluctuations in market sentiment. In March, the dominance of long liquidations surged to over 60%, while at the same time, the price of Bitcoin fell sharply from about $70,000 to $60,000. This trend illustrates the impact of market adjustments on leveraged positions. Similarly, in June, long liquidations increased again when Bitcoin prices hovered around $60,000 and dominance momentarily touched 70%. This indicates an increase in market instability and risk-averse sentiment among traders. Note from Golden Finance: The proportion of long closures to total closures within a certain period is calculated as follows: number of long closures / (number of long closures + number of short closures). 50% means that the numbers for both are equal; above 50% indicates more longs have closed; below 50% suggests more shorts have closed.