The start of September ignited a wave ofEthereum long liquidations. Source: CryptoQuant
The rush of Ether liquidations comes as the entire crypto market is shedding total value of funds locked and volumes continue to decrease. The crypto market TVL reached a 2023 high on April 15 at $53 billion while the current USD value is at $37.7 billion, reflecting a loss of over $15 billion.of the U.S. dollar which hit a 6-month high on Sept. 7 will continue to be a danger to crypto assets.
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