Crypto market sees $295 million in liquidations across exchanges over past 24 hours

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 53%

Ether Notícia

Portugal Últimas Notícias,Portugal Manchetes

Despite a drawdown in the crypto market, derivatives traders are positioning for price increases, particularly for ether, analysts said.

Bitcoin has been beset by heavy selling pressure in the past 24 hours, causing the digital asset to fall below the $60,000 support level and reaching a recent low of around $57,800.

Ether, the second-largest cryptocurrency, also faced significant liquidations, with over $71 million liquidated — of which $62 million were long positions. Despite a recent drawdown in the cryptocurrency market, derivatives traders are positioning for price increases in the coming months, particularly for ether, analysts said.

Thursday's QCP Capital report expanded on the factors that could cause prices to break out of the current downtrend. The analysts offered two dynamics that could drive a reversal in a further price correction. "Liquidation clusters on bitcoin and ether are heavily skewed to the topside, opening up potential short squeezes," the QCP Capital analysts added.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 464. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

TD Cowen warns crypto companies themselves may push legislation that 'derail' crypto industry as a wholeA report from the investment bank TD Cowen explains how clearer cryptocurrency legislation can 'derail' the industry, as seen previously with the cannabis industry.
Fonte: TheBlock__ - 🏆 464. / 53 Consulte Mais informação »