Analysis: Downside long liquidation risk for Bitcoin is higher than upside short squeeze risk

BlockBeats news, October 15th, according to Glassnode data, Bitcoin is currently near a support level, but there is a large long liquidation cluster below. If the price falls further, it could trigger a chain of liquidations, with another liquidation cluster around $75,000.

In contrast, over the past week, short liquidation positions have continued to accumulate above $85,000. Currently, the vulnerability of the long liquidation zone below is higher than that of the short liquidation zone above.