PANews reported on November 22nd that, according to on-chain analyst Ai Yi, Bitcoin fell from $107,000 to $85,000 in just 11 days, and the market continues its downward trend. In the past 24 hours, the total liquidation amount reached $1.87 billion, with long positions accounting for 87%. The cumulative liquidation amount over the past week is between $5 billion and $7 billion, with BTC accounting for 40-60%. Due to last night's dip, the open interest (OI) for both BTC and ETH has decreased to varying degrees in the past 24 hours, with BTC OI at $58.55 billion and ETH at $32.72 billion. Contrary to intuition, long positions still dominate the current OI. For example, Binance BTC data shows a 24-hour long/short account ratio of 2.67:1, with top traders reaching an even higher ratio of 3.38:1. Most exchanges are maintaining positive funding rates, meaning long positions continue to pay short positions.PANews reported on November 22nd that, according to on-chain analyst Ai Yi, Bitcoin fell from $107,000 to $85,000 in just 11 days, and the market continues its downward trend. In the past 24 hours, the total liquidation amount reached $1.87 billion, with long positions accounting for 87%. The cumulative liquidation amount over the past week is between $5 billion and $7 billion, with BTC accounting for 40-60%. Due to last night's dip, the open interest (OI) for both BTC and ETH has decreased to varying degrees in the past 24 hours, with BTC OI at $58.55 billion and ETH at $32.72 billion. Contrary to intuition, long positions still dominate the current OI. For example, Binance BTC data shows a 24-hour long/short account ratio of 2.67:1, with top traders reaching an even higher ratio of 3.38:1. Most exchanges are maintaining positive funding rates, meaning long positions continue to pay short positions.