Long BTC liquidations dominated majority of 2022

Long Bitcoin (BTC) positions were overmuch much ascendant successful 2022 than abbreviated ones, according to CryptoSlate’s investigation of glassnode data.

Since Jan. 25, determination were 270,000 agelong and 159,000 abbreviated BTC liquidations this year.

The yearly sum of BTC liquidations

The illustration supra demonstrates the sum of each BTC liquidations crossed each exchanges. The greenish areas correspond the yearly sum of agelong liquidations, portion the reddish ones basal for the full fig of abbreviated liquidations. Investors showed a inclination to put successful semipermanent positions and kept liquidating passim the year.

It tin beryllium said that this year’s catastrophic events, similar the illness of Terra and FTX — arsenic good arsenic macro events similar the Russia-Ukraine warfare — person played a relation successful the behaviour of investors.

CryptoSlate’s analysis revealed that the agelong BTC positions grew exponentially aft the Terra illness — which started the carnivore market. Numbers from October show that semipermanent BTC holders started to liquidate towards the extremity of the month.

Long liquidations dominance

The agelong liquidations dominance besides supports the findings above. The illustration beneath shows the percent of agelong liquidations since Jan. 25.

BTC agelong liquidations percentage

The percent of abbreviated liquidations is calculated by dividing the fig of agelong liquidations by the sum of some agelong and abbreviated liquidations. If the metric is astatine 50%, this indicates that determination person been an adjacent magnitude of agelong and abbreviated liquidations. If it appears beneath 50%, this means that much shorts person been liquidated.

If the metric is supra 50%, similar the bulk of the illustration is, it indicates dominance successful semipermanent liquidations. According to the chart, semipermanent liquidations person been ascendant passim the twelvemonth but for abbreviated periods successful February, April, July, and November.

The station Long BTC liquidations dominated bulk of 2022 appeared archetypal connected CryptoSlate.