All are leveraged positions and futures in Bitmex alone. The number does not include all other futures from other exchanges. This obviously also does not include all smaller liquidated shorts which all add up. No confirmation yet of a trend reversal as this can be a short squeeze.
However, the key takeaway is the importance of 6750-7000 levels as it is where most of the current short stops are found. This coupled with the fact that was evident on the previous short lived bull runs...liquidated short stops become rocket fuel.
