Bitcoin long clearing accounted for 70% in June

The year 2024 saw big swings in Bitcoin's long clearing dominance across all exchanges, reflecting swings in market sentiment. In March, the dominance of long clearing surged to over 60%, while the price of Bitcoin fell sharply from around $70,000 to $60,000. This trend illustrates the impact of market corrections on leveraged positions.
Similarly, long liquidations increased again in June, and the dominance of long liquidations hit 70% at one point when the bitcoin price was hovering around $60,000, indicating increased market instability and risk aversion among traders.