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Analyst: The decline of BTC is not over yet, or the bears are about to be wiped out

Analyst: The decline of BTC is not over yet, or the bears are about to be wiped out

Bitget2024/07/04 02:35

Cryptocurrency analyst Ali posted on social media, stating that the BTC price trend is very volatile, but only 280.9 million dollars of long positions have been liquidated, and 25.4 million dollars of short positions have been liquidated. In the past, we have seen large-scale liquidation events exceeding one billion dollars. This tells us that the BTC decline is not over yet, or shorts are about to be wiped out.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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