The cryptocurrency market has experienced a significant downturn in the past 24 hours, with liquidations totaling nearly half a billion dollars, according to data from Analysis indicates that over 60% of long positions on the crypto market were liquidated following an 8% decline, equating to more than $263 billion, according to the TOTAL index. Consequently, the overall capitalization of the cryptocurrency market, inclusive of major assets like and Shiba Inu .
Interestingly, however, the ratio of long and short positions with Bitcoin liquidated is not very high - 54.5% versus 45.5% - which rather indicates how the price action of Bitcoin managed to deceive both sellers and buyers who did not get into the timing and apparently made overly emotional decisions. - there are fewer liquidations, but the ratio of longs to shorts is more interesting. Thus, according to the data, XRP liquidations of purchases are 3.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.Latin American Blockchain Platform Patex Seals a Cooperation with Iconic Brazilian Footballer Roberto Carlos
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »