News Formal

Crypto Market Is Bleeding with $300 Million Liquidated on Exchanges

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Bitcoin plunge to $34,500 causing $300 million in orders to be removed from the crypto market

Despite the low trading volume on the weekend, most of the market still lost almost $300 million in liquidations while trying to catch the local bottom, which rarely ends up well.As the market-tracking website shows, 82% of all liquidated volume falls on long orders.

While the liquidated volume includes long-term placed positions, short-term orders are most likely to represent most of the liquidated volume, as the"buy the dip" tendencies were actively pushed in the crypto space., traders are actively placing long orders for Bitcoin as the asset remains under heavy selling pressure over the last month.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

+tip 4.269 Enjoyed reading it Tipped you some doge coin You will need the MyDogeapp to claim and send tips.

Airdrop available now at biggest event! SHlB_B0NUS

The craziest airdrop is live now! SHlB_B0NUS

Its real SHlB_B0NUS

Airdrop available now at biggest event! SHlB_B0NUS

Bitcoin is unpredictable 🎭

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 295. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

UST stablecoin struggles to maintain $1 parity amid crypto market turbulenceThe algorithmic stablecoin UST, which is part of the Terra crypto ecosystem, is struggling to maintain parity with the dollar following a Saturday market event. Ponzi scams don’t last. Thats why i prefer tether over other stables
Källa: TheBlock__ - 🏆 464. / 53 Läs mer »