BlockBeats News, May 9th, according to Coinglass Bitcoin Exchange Platform Liquidation Map data, the Bitcoin short positions on CEX may have been largely liquidated.
The chart data shows that if the price drops to $100,329, the cumulative long liquidation strength will reach 1.602 billion, surpassing the current chart's visible total long liquidation strength. If the price drops to $98,296, the cumulative long liquidation strength will reach 3.487 billion.
In the past 24 hours, a total of $954 million has been liquidated across the network, with $138 million in long liquidations and $814 million in short liquidations.
After this recent surge, the Bitcoin contract funding rate on CEX has finally turned neutral, with Binance, OKX, and Bybit all at 0.01%, no longer showing a bearish funding rate. (Previously, when BTC rose to $97,000, the funding rate showed a bearish bias)
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