After the large-scale liquidation of Bitcoin short positions, contract open interest rose to 717400
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AT A GLANCE
After Bitcoin short positions were liquidated on a large scale, futures open interest increased, while the long and short sides remained locked in a stalemate.
Article
⚡️After a large-scale liquidation of Bitcoin short positions yesterday, futures trading remains crowded, with the long/short ratio locked in a stalemate
BlockBeats news,September 22, according to Coinglass data, Bitcoin surged sharply yesterday afternoon, triggering more than 900000000 USD in short-position liquidations across the network. However, after the large liquidations, open interest in Bitcoin coin-margined futures not only did not decline but increased. As of publication, total Bitcoin futures open interest across the network rose to 717400 coins, a notable increase from yesterday's 685600 coins.
In addition, the current long/short ratio for Bitcoin futures across the network is 1.0612, indicating that following Bitcoin's sharp rise yesterday, market sentiment has not become overwhelmingly bullish, and bulls and bears remain locked in a stalemate.
Original link https://m.theblockbeats.info/flash/368446
Key points
01
September 22 News reports that Bitcoin surged sharply yesterday afternoon, with short liquidations across the network exceeding 900000000 USD。
02
As of publication, open interest in Bitcoin contracts across the network had risen to 717400 coins, a notable increase from yesterday's 685600 coins.
03
The current long-to-short ratio for Bitcoin futures across the entire network is 1.0612。
04
According to the news, after Bitcoin's sharp rise yesterday, market sentiment did not show a one-sided inclination toward long positions; the long and short sides remain locked in a stalemate.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Short liquidations mean that futures positions betting on a Bitcoin decline were forcibly closed. Despite large short liquidations, Bitcoin futures open interest still increased from 685600 coins to 717400 coins; the long/short ratio was 1.0612, and the news described the long and short sides as still being locked in a stalemate.
Why it matters to readers
After large short liquidations, open interest in futures contracts continued to rise, indicating that the futures market remains active and crowded.
This indicates that a rise in Bitcoin's price does not mean the market has reached a consensus that it is bullish; disagreement between long and short positions remains in futures trading.
Risks and unknowns
The specific statistical methodology for the liquidation amount of short positions was not provided.
The statistical time period and calculation method for the long-to-short ratio were not specified.
The source is Coinglass data relayed by BlockBeats; the data details were not elaborated in the original text.
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Short liquidations
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