Over $200 Million Is Liquidated By The Crypto Market
Key Points:
- The little rebound experienced by the cryptocurrency market over the past day has caused $212 million to leave the market.
- The market rebound liquidated 50,517 traders during this time, with a $3.85 million stake on BTC experiencing the largest liquidation.
The little rebound experienced by the cryptocurrency market over the past day has caused $212 million to leave the market.
The value of popular digital assets like Bitcoin (BTC) and Ethereum (ETH) has once more surpassed $23,000 and $1,600, respectively, thanks to the crypto market’s 2.85% growth over the reporting period.
Ethereum contributed $48.81 million to the liquidations, while BTC was responsible for $80.70 million. Short positions against the soaring layer 1 blockchain network Aptos (APT) were settled for $31.61 million.
The market rebound liquidated 50,517 traders during this time, with a $3.85 million stake on BTC experiencing the largest liquidation.
Meanwhile, blockchain analytical firm Santiment pointed out several altcoins ascending over the reporting period. Santiment said:
“Social spikes & FOMO may cause a top, or traders will scoff at this run (allowing rallies to continue).”
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
Coincu News
Author
Analysis
Over $200 Million Is Liquidated By The Crypto Market
Key Points:
- The little rebound experienced by the cryptocurrency market over the past day has caused $212 million to leave the market.
- The market rebound liquidated 50,517 traders during this time, with a $3.85 million stake on BTC experiencing the largest liquidation.
The little rebound experienced by the cryptocurrency market over the past day has caused $212 million to leave the market.
The value of popular digital assets like Bitcoin (BTC) and Ethereum (ETH) has once more surpassed $23,000 and $1,600, respectively, thanks to the crypto market’s 2.85% growth over the reporting period.
Ethereum contributed $48.81 million to the liquidations, while BTC was responsible for $80.70 million. Short positions against the soaring layer 1 blockchain network Aptos (APT) were settled for $31.61 million.
The market rebound liquidated 50,517 traders during this time, with a $3.85 million stake on BTC experiencing the largest liquidation.
Meanwhile, blockchain analytical firm Santiment pointed out several altcoins ascending over the reporting period. Santiment said:
“Social spikes & FOMO may cause a top, or traders will scoff at this run (allowing rallies to continue).”
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
Coincu News
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