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

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.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

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.
แหล่ง: TheBlock__ - 🏆 464. / 53 อ่านเพิ่มเติม »