Data: Bitcoin dropped from $107,000 to $85,000 in just 11 days, with a long/short account ratio of 2.67:1 for Bitcoin on a certain exchange in 24 hours.

According to ChainCatcher, on-chain analyst Ai姨 has monitored that bitcoin dropped from $107,000 to $85,000 in just 11 days, with the market continuing to decline. In the past 24 hours, the total amount of liquidations in the market reached $1.87 billion, with longs accounting for 87% of that; over the past week, the cumulative liquidation scale was between $5 billion and $7 billion, with BTC accounting for 40-60%. Due to last night's dip, both BTC and ETH OI have decreased to varying degrees in the past 24 hours, with BTC OI at $58.55 billion and ETH at $32.72 billion.

Contrary to intuitive perception, longs still dominate the existing OI. Taking BTC data from a certain exchange as an example, the 24-hour long-short account ratio is 2.67:1, and the ratio among top traders is as high as 3.38:1; most exchanges maintain a positive funding rate, meaning longs continue to pay shorts.