Bitcoin’s major liquidation levels Given the curr

Bitcoin’s major liquidation levels

Given the current market sentiment, derivatives platform CoinGlass indicates a strong tug of war between bulls and bears as the price continues to move sideways.

CoinGlass data shows that $91,138 and $94,490 are the two major liquidation levels for Bitcoin, where traders are currently over-leveraged.

The data further reveals that traders have built $571.51 million worth of long positions and $681.32 million worth of short positions at these levels.

This heavy positioning on both the upper and lower sides highlights the intense competition between bulls and bears