#BinanceTournament #altcoins 🎁After the Altcoin Market Crash, $367 Million in Crypto Longs Were Sold. According to data, the altcoin crash has resulted in a significant number of liquidations on the cryptocurrency derivatives market in the past day. Ethereum Takes the Lead in Liquidations, While Altcoin Witnesses Squeeze The cryptocurrency market has been volatile over the past day, with most altcoins experiencing drops of more than 5%. This sector-wide volatility has, as is typical, led to chaos on the derivatives side. CoinGlass data shows that contracts worth almost $429 million have been liquidated in the derivatives market in the last 24 hours. When a platform with which a contract is open is forced to close it after accumulating losses of a certain the contract is said to be "liquidated." Long contract holders experienced the majority of these forceful closures in the past day, as shown in the table above. All the more explicitly, around $367 million of the liquidations, comparable to over 85% of the aggregate, involved these merchants wagering on a bullish result for the market. The purpose for such disproportionate liquidations normally lies in the way that the digital currencies in general have seen a precarious downwards direction in the period. A heatmap depicting the individual assets' roles in this most recent derivatives flush is provided below. Bitcoin (BTC) isn't leading the charts in this metric, unlike what usually happens during these violent liquidation events. All things being equal, Ethereum (ETH), the second biggest cryptographic money in view of market cap🧭, is at the top with around $92 million liquidations. This could be because Ethereum has lost more than 3% while Bitcoin has moved more or less sideways during this time. Curiously, behind these two top coins are the memecoins Dogecoin (DOGE) and Shiba Inu (SHIB), with liquidations adding up to $60 million and $23 million, individually. Please FOLLOW me for latest news on crypto Market and must Like, share and comment as well. #BTC #bitcoin #ETH🔥🔥🔥🔥 $CKB $BNB $CTK
#ETHETFsApproved #BTC #bitcoin Bitcoin Spot ETFs in the US Witness Net Surge of $580.6 Million🙂 As per BlockBeats, information from Farside Financial backers on June 15 uncovers that Bitcoin spot ETFs in the US have encountered a net surge of $580.6 million this week. With a total net outflow of $274 million, the Grayscale Bitcoin Trust (GBTC) was responsible for a significant portion of this outflow. BlackRock's iShares Bitcoin Trust (IBIT), on the other hand, saw a net inflow of $41.6 million🎁. According to this data, investors' attitudes toward Bitcoin ETFs have changed, with more investors withdrawing than investing in these funds🎁. The huge outpouring from GBTC proposes that financial backers are moving their assets somewhere else, potentially because of market instability or changing venture techniques. Nonetheless, the net inflow into BlackRock's IBIT demonstrates that a few financial backers actually see potential in Bitcoin ETFs. 🧭 It is essential to keep in mind that these figures only represent the total amount invested or withdrawn, not the net movement of funds. By subtracting the amount of money withdrawn from the amount of money invested, the net outflow or inflow is calculated. As a result, the fact that there was a net outflow does not necessarily imply that all investors are leaving Bitcoin ETFs. The net inflow into BlackRock's IBIT demonstrates that some investors are still investing.🌍 Follow me the for the latest Binance news and crypto Market. Please 🙏 do like, share and comment and share your thoughts as well. #BinanceTournament #BinanceSquareFamily $BB $CTK $RAY
Binance Spot trading and Future Alert: Give it a look if you are doing spot trading or future.
Waiting for your target to be reached is an essential part of trading. For instance, I have been collecting AI for less than $1, with a goal of 2x, around $2, accumulation. My position size was large, so I booked a little part when it was in benefit and repurchased when it unloaded, quietly hanging tight for $2 to hit.
That was my strategy: and all I thought about doing was patiently waiting for my target. Trading success necessitates adhering to your plan and patiently waiting for your "target or invalidation." Even though I've been saying this for four to five days, some people still talk about Bonk.
Although I am aware that tokens perform better than Bonk, if you experience FOMO, put your phone down. One of the main reasons people lose money is when they trade out of fear of missing out. Never over-risk or over-influence an exchange. Keep in mind that you can't win every day. Don't break your rules; make them and stick to them.