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๐ฅ๐The tide has changed in crypto money: The era of the bulls is beginning!๐ฅ๐
The #cryptocurrency market, which hit the gas with Bitcoin (#BTC ) exceeding 72 thousand dollars, came to the agenda with liquidation data.
Bitcoin (BTC), which has increased by more than 10 percent in a short period of time and surpassed $ 72,000, has caused a significant change in the liquidation data. The cryptocurrency market, which has been trending down for several days, was coming to the fore with the liquidation of long directional transactions. However, the bullish momentum of BTC has turned this scenario into the opposite.
The increase in cryptocurrencies has dealt a blow to short-term transactions!
The cryptocurrency market, which has been rising under the leadership of BTC, has disappointed investors who are moving in a downward direction. According to the popular crypto data platform Coinglass, $ 147.29 million worth of liquidation was achieved in the last 24 hours. Short transactions accounted for the part of $ 102.24 million of this amount, and long directional transactions accounted for the part of $ 45.05 million.
In total, 44,790 futures users were liquidated. The biggest loss experienced in a single transaction was recorded as $ 7.83 million in the BTC/USDT parity on the Binance exchange.
When we look at the data on the stock market side, Binance collected the most liquidity with $ 69.37 million. The most striking data was that short-way transactions were weighted in the liquidations on all stock exchanges. This statistic usually did not remain constant, but was included in a long-short mixed way. But the recent rise of BTC has dealt a blow directly to short-term transactions. The future price movements of BTC and the changes that will be experienced in the liquidation data are eagerly awaited.
