$BTC

Is an excess of long positions hurting the market in the short term?

Probably yes. And that’s exactly what our Liquidation Levels are showing for BTC, SOL, LTC, and AAVE. Over the past 30 days, newly opened positions have been predominantly skewed toward longs.

This often acts as a brake on further upside.

It also reflects the market’s current anxiety for an uptrend to resume. But typically, before that happens, more liquidations are likely to occur.