Bitcoin and Ethereum See $191 Million in Liquidations as Cryptocurrency Market Continues Downward Spiral
The cryptocurrency market continues to experience volatility, with $191 million worth of crypto derivatives contracts liquidated in the past 24 hours. Bitcoin and Ethereum are the most impacted, with Bitcoin accounting for half of the total liquidations. The current wave of liquidations primarily affected long positions, and analysts suggest that accumulation whales may respond to halt the bearish trend for a potential rebound.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Today’s Crypto Highlights: Ripple Courts Circle, BTC Updates & More
Behind the Scenes: Ripple's Circle Acquisition Attempt and Unfolding Crypto Adoption Developments
Bitcoin Shift Causes Market Disruption – Analyzing a Whale’s $170M Move and its Impact
Unraveling the Underlying Implications of a Massive Bitcoin Transfer - Possible Harbinger of Major Market Movements?
Moon soon? XRP's strongest spot premium aligns with 70% rally setup
Price predictions 5/2: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
Trending news
MoreCrypto prices
More
