Lengthy Bitcoin (BTC) positions have been way more dominant in 2022 than quick ones, in accordance with CryptoSlate’s evaluation of glassnode knowledge.

Since Jan. 25, there have been 270,000 lengthy and 159,000 quick BTC liquidations this yr.

The yearly sum of BTC liquidations

The chart above demonstrates the sum of all BTC liquidations throughout all exchanges. The inexperienced areas symbolize the yearly sum of lengthy liquidations, whereas the purple ones stand for the whole variety of quick liquidations. Buyers confirmed an inclination to put money into long-term positions and stored liquidating all year long.

It may be stated that this yr’s catastrophic occasions, just like the collapse of Terra and FTX — in addition to macro occasions just like the Russia-Ukraine warfare — have performed a job within the habits of buyers.

CryptoSlate’s evaluation revealed that the lengthy BTC positions grew exponentially after the Terra collapse — which began the bear market. Numbers from October present that long-term BTC holders began to liquidate in the direction of the tip of the month.

Lengthy liquidations dominance

The lengthy liquidations dominance additionally helps the findings above. The chart beneath exhibits the share of lengthy liquidations since Jan. 25.

BTC lengthy liquidations proportion

The proportion of quick liquidations is calculated by dividing the variety of lengthy liquidations by the sum of each lengthy and quick liquidations. If the metric is at 50%, this means that there have been an equal quantity of lengthy and quick liquidations. If it seems beneath 50%, which means extra shorts have been liquidated.

If the metric is above 50%, like the vast majority of the chart is, it signifies dominance in long-term liquidations. In response to the chart, long-term liquidations have been dominant all year long besides for brief intervals in February, April, July, and November.

Source link