Long Bitcoin (BTC) positions were much more dominant in 2022 than short ones, according to CryptoSlate’s analysis of glassnode data.
Since Jan. 25, there were 270,000 long and 159,000 short BTC liquidations this year.
The yearly sum of BTC liquidations
The chart above demonstrates the sum of all BTC liquidations across all exchanges. The green areas represent the yearly sum of long liquidations, while the red ones stand for the total number of short liquidations. Investors showed a tendency to invest in long-term positions and kept liquidating throughout the year.
It can be said that this year’s catastrophic events, like the collapse of Terra and FTX — as well as macro events like the Russia-Ukraine war — have played a role in the behavior of investors.
CryptoSlate’s analysis revealed that the long BTC positions grew exponentially after the Terra collapse — which started the bear market. Numbers from October show that long-term BTC holders started to liquidate towards the e
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