This development was also responsible for some major liquidations across the crypto market between 11 and 12 August. According to CoinGlass, ETC was the fourth-ranked coin with the most liquidations at the time of this writing.
a total of $9.28 million in shorts liquidation during this period. The data included liquidations from Binance, FTX, Bybit, Bitfinex, OKEx, CoinEX, and Huobi.It was not as bad for long-position traders as liquidation in the same period was far off at $4.51 million. With these events, should investors expect a long uptrend in anticipation of the final Merge and beyond?According to the ETC/USDT four-hour chart, investors’ trust in ETC has increased.
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