Today morning, the leading cryptocurrency Bitcoin experienced a sudden decline and fell back to $ 66,000.
With this drop, Ethereum (ETH) also dropped to $3,319 for a short time, and according to QCP Capital analysts, this drop was due to liquidations on exchanges.
Analysts said that funding rates were excessively high and contributed to the recent decline, while the options market and high funding rates gave an early signal of a sharp downward move, especially the downward trend in risk reversals.
Bitcoin broke the $70,000 level and fell below $66,000, while ETH fell to lower levels at $3,320.
It is stated that this rapid decline is due to large liquidations in retail-dominated exchanges, especially the increase in funding rates as high as 77%.
These highs and the recent decline are bringing spot prices back to the $60-72k range.
While the recent decline in Bitcoin has left investors upside down, according to data from Coinglass, leveraged positions worth $ 394 million have been liquidated in the last 24 hours. Of these liquidations, $312 million consisted of long positions and $81 million consisted of short positions.
While 120,310 investors experienced liquidation in the last 24 hours, it is stated that the largest liquidation took place in the ETH / USD trading pair on the OKX exchange.
PLEASE READ CAREFULLY FOR THE GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.
