Almost $4 billion worth of positions got liquidated in 1 hour | 𝙑-𝙄-𝙋 𝙀𝙭𝙥𝙚𝙧𝙩 𝙎𝙞𝙜𝙣𝙖𝙡𝙨

Almost $4 billion worth of positions got liquidated in 1 hour

Unusual Exchange Inflows
6,558 #BTC ($259,585,325)
aggregated inflows to derivative exchanges in an hour

1. Binance 5,872 BTC (89%)
2. Huobi Global 199 BTC (3%)
3. Kraken 138 BTC (2%)


70% of Bitcoin Short Term Holders are now at a loss.

Soon, panic sellers will run out of profitable coins to sell, at which point downward pressure will disappear.