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Home News Glassnode: This morning’s market rally saw a large number of liquidations at the beginning, injecting new momentum into the uptrend

Glassnode: This morning's market rally saw a large number of liquidations at the beginning, injecting new momentum into the uptrend

BlockBeats News, September 29th, Glassnode posted on social media that over the weekend, the Bitcoin futures market accumulated a significant amount of short positions in the $110,000 to $111,000 range. The morning’s rally forced these concentrated short positions to be liquidated, clearing out existing positions and injecting new momentum into the upward trend.

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