While Bitcoin Makes Hard Movements Within Its Channel, $ 520 Million Was Liquidated In The Last 24 Hours

Bitcoin, which has lost about 2.6% in the last 24-hour period, is around $ 28,900 at the time of writing.

Bitcoin, which has not yet revealed its direction, is what 30,800 neither above dollar levels nor 28,700 It did not make long-term candle closures below the dollar levels. According to analysts, these levels will determine the direction of Bitcoin.

If the price stays above $ 30,800, it is estimated that Bitcoin will start its upward movements, while it is thought that if it remains below the $ 28,700 level, it will continue to make downward movements. Also in this region 50 and 100 candle moving averages Now it works as a resistor.

By cutting the moving averages within the channel it is in. 2%-3% Bitcoin, which shows hard bearish candles, has been quite liquidated due to these movements.

$520 Million Liquidation

According to Coinglass data, at the time of writing, the last 24 hours The total value of the liquidated positions 520 million became dollars. in total from 138 thousand It was reported that many crypto money investors were affected by this.

The value of the total cryptocurrency market in this process to $1.15 trillion until bitcoin’s sunday 30300 if it does not exceed the dollar 9th week is also red will close.

positions in liquidation 125 million dollars from bitcoin, $134 million from Ethereum, 11 million dollars From Solana and about One of the popular move-to-earn applications of recent times, $26 million It happened from GMT.

According to CoinMarketCap, bitcoin has been in the last 30-day period. 25% value while losing Ethereum tumbled 40%, Binance Coin (BNB) tumbled 25%, and Cardano 45%.

  • All data contained in the article is for informational purposes only. It does not contain any investment advice.

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