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$13 billion in Bitcoin longs were liquidated in 2019; what does it mean for 2020?

For a second consecutive year, long liquidations dwarfed that of shorts by more than two-fold. In 2018, long liquidations reached $11 billion by the year’s end while short liquidations hovered at $5 billion. In 2019, long liquidations have totaled nearly $13 billion. What precedent does it set for the trend of Bitcoin in 2020? Still, it may establish a sluggish precedent for bitcoin heading into 2020. The sentiment around the market could struggle to recover until the block reward halving of bitcoin occurs in May 2020.
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