🔸59k Btc price hits #Bitcoin❗️ $BTC $ETH $SOL Long liqui | K4 Krypto on Binance Square

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🔸59k Btc price hits  #Bitcoin❗️ $BTC $ETH $SOL 
Long liquidation hunts possible to reverse from here.

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BTC

59,397.98

-0.93%

ETH

2,293.68

-2.11%

SOL

128.26

-4.01%

658

0

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#SPOT #buy_long #RIFARMY 🔰RIF/USDT 🔸Buy : 0.065 - 0.078 🔸Sell: 1️⃣0.09$ 2️⃣0.10$ 3️⃣0.11$

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#Megadrop Lista is the 2nd biggest Mega Drop ok Binance #ListaMegadrop

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$BTC So, the decision has been made, and many are disappointed by the price movement, but there are reasons for that. If we compare it to the decision on BTC, you might remember that after the decision, trading on exchanges was allowed within a few days. But this situation is a bit different. The SEC approved the 19b-4 forms for Ethereum ETFs, which include offerings from BlackRock, Fidelity, and Grayscale. However, for these products to start trading, their S-1 registration statements need to go effective. So, they'll be available on exchanges in a few weeks, possibly July-August. Therefore, those who bought in anticipation of the event have already purchased, and the demand for ETFs will come in a few months. This could lead to corrections during this time due to pessimism about rates etc., and it might actually be better to endure this before trading starts. After that, there's a good chance we'll see an altseason.

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$BTC Bitcoin is poised to enter price discovery if it can surpass the critical resistance level of its previous all-time high of $69,000, according to crypto analysts. Bitcoin (BTC), currently trading at $68,458, reached its peak of approximately $69,000 during the 2021 bull run. This level was tested again on March 5, following the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States earlier this year. Despite multiple attempts to break through, Bitcoin has remained below this threshold for about 10 weeks.

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$ETH Although ETH futures longs (buyers) and shorts (sellers) are always matched, a higher notional value increases the risk of liquidations exponentially. For instance, if longs are utilizing 10x leverage, those contracts will typically be forcefully liquidated if Ether’s price declines by 10%. A similar scenario can occur if Ether’s price surges by 10% and shorts are excessively leveraged. In such cases, exchanges will automatically buy ETH futures to mitigate their risk and close positions that lack sufficient margin deposits. As a result, the $16.8 billion open interest in Ether’s futures market poses a risk for potential buyers, thereby keeping the ETH price below $3,900.

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