Glassnode: The risk of long-side liquidation below Bitcoin is higher than the risk of short-side liquidation above Bitcoin.

According to Glassnode’s data, the price of Bitcoin is currently close to its support level. However, there are a large number of long positions that have accumulated below this level. If prices continue to fall, these positions could trigger a series of liquidations. Near the level of $75,000, there is also another group of liquidating positions. In contrast, over the past seven days, short positions above $85,000 have been accumulating continuously. At present, the vulnerability of the long positions below the support level has surpassed that of the short positions above it.