➡️🔥🚀Polygon Matic: the crypto makes +20% | What happened in the markets!?

The first data is numerical. Polygon recorded a 20% price increase, in the face of a market that moved in a very particular way yesterday, while the European markets were still closed and timidly we returned to trading in the United States. $MATIC, the ecosystem's reference token, has returned to above $1. And in addition to the price, there are other interesting market numbers that we believe we need to analyze to understand what happened on the markets.

➡️✅The volumes on Polygon Matic have been very interesting over the last 24 hours. The token was the most traded after Bitcoin, Ethereum, and Solana - and without prejudice to stablecoins which for obvious reasons tend to attract more trade.

Polygon Matic was also traded more than $BNB, which recorded an interesting performance and with double-digit gains.

➡️🔥It is also interesting to see the amount of liquidations that have occurred on the crypto market. Over the last 24 hours, as many as $7 million of positions on $MATIC have been liquidated, the bulk of which were clearly short. In a market characterized at this stage by less than excellent volumes, these levels of liquidations could only help the upward movement, with shorts closed by margin calls that they had to repurchase to cover their positions. These are certainly not huge numbers compared to the rest of the market, but large enough to push $MATIC towards this new goal.

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