Higher-than-usual market volatility affected bulls and bears alike as crypto futures racked up $300 million in liquidations over a 24-hour period on Wednesday.
Bitcoin and ether briefly inched above $26,000 and $1,770 respectively on Tuesday as investors brushed off the long-term effects of a regulatory clampdown on crypto-friendly banks and U.S. consumer price index data pointed to slowing inflation in the coming months. The volatility caused over $140 million in bitcoin futures and $80 million in ether futures to take on losses. Of this, 58% of futures losses came from shorts, or bets against price rises, while the remaining came from longs, or bets on price rises – meaning both short sellers and long traders were hit almost equally.
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thesamreynolds shauryamalwa Hello guys, do you think BTC can hit 35k in 2023? I'm looking forward to Bitcoin and UQC
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