🔥A Friday with the crypto market in red.
Early today, #Bitcoin surprised us with a sharp drop, which brought the price below $67,000 dollars.
This fall not only affected Bitcoin, but was also reflected in other cryptocurrencies in the market such as SOL, ETH, XRP, ARB, among many others.
Due to this market movement, traders with long and short positions were affected. Thus, in the last 24 hours, close to $800 million dollars have been liquidated in the crypto market, most of which represent long positions. What is also surprising with this data is that the largest liquidations occurred in other cryptocurrencies and not in Bitcoin, as was normally seen, according to data from Coinglass.
Perhaps it is a good time to have our money in stable currencies and look for an optimal entry point, analyzing the market situation. Good Friday.
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