Bitcoin MLV Hits 19-Month High as Over 33,000 Traders Liquidated

Glassnode, a renowned provider of on-chain and financial metrics, has reported that the Mean Liquidated Volume (MLV) in Futures Contracts Long Positions for Bitcoin has reached a remarkable 19-month high. The analytic firm reported the update in a recent tweet via its automated alert account on the X platform. According to the update, the Bitcoin MLV for Long positions hit $730,576 on the OKX crypto exchange platform. The reported figure represented a substantial uptick in the number of Bitcoin traders incurring significant losses in recent times. Notably, the over $730k liquidated surpasses the previous 19-month high. As of September 8, 2022, the Bitcoin MLV stood at $607,216.

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