Data: BTC pulls back today, $ 23 million bitcoin bullish positions on BitMEX

According to the AMBCrypto report, Trading View data shows that today, bitcoin experienced a pullback after approaching the $ 10,000 mark and once fell to $ 9587, once again recreating the high volatility of the bitcoin market. At the same time, according to data provided by Skew, long positions worth $ 23 million were cleared on BitMEX alone. Considering the high correlation between Bitcoin and the Ethereum market, the price of Ethereum was also affected, and the price fell by 4.11%, from $ 276.94 to $ 265.55. In an hour, a total of $ 12.6 million longs on BitMEX were liquidated. Although there is a strong correlation between the two, ETH reflects a more stable market. This is particularly evident because the trading volume of the Bitcoin futures market has fallen sharply in the past few days, and as of press time, the trading volume has fallen below $ 10 billion. On the other hand, Ethereum futures recorded strong daily trading volume and rising cumulative open positions. Ethereum futures set OKEx's highest open position record at $ 225 million.