Bitcoin fell back after breaking through $107,000, and the contract market saw a double explosion of long and short positions

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Following the message, on May 19th, Bitcoin experienced multiple rapid rises and pullbacks, first dropping to around $103,000, then quickly rising to $105,000, followed by another decline to the $103,000 range, and subsequently rising again, momentarily breaking through $107,000, and currently falling back to around $105,000, currently reported at $105,220.

The contract market shows both long and short liquidations. According to Coinglass data, Bitcoin contract liquidations in the past 24 hours reached $138 million, with long positions at $43.77 million and short positions at $94.42 million.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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