Bitcoin and altcoin liquidations spiked as short squeeze hit the cryptocurrency market
, which unsuccessfully tested the resistance at least three times. But despite the negative sentiment of the market, as soon as BTC broke through it, the number of long orders spiked immediately as FOMO tendencies hit the crypto market.As the substantial volume of short orders opened right before a strong positive BTC move, the market saw a rapid increase in the volume of liquidations, which currently reaches $500 million.
While market participants enjoy the positive performance, some traders have already failed to capitalize on the rally by opening"FOMO longs" above $47,000, which resulted in liquidations as the first cryptocurrency retraced by almost 2% at some point.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bitcoin Open Interest Breaking up as Spot Market Follows$BTC spot trading volume spikes up with massive buying volume pouring into the market every day
Leer más »
$500 million Sachse mixed-use project is growing with second phaseDevelopers have completed the first phase of a $500 million Sachse mixed-use project and are moving ahead with more construction. Called The Station, the 134-ac...
Leer más »
Crypto Markets Add $120B in a Day as Bitcoin Explodes to 3-Month High (Market Watch)The crypto market cap is up by roughly $120 billion in a day as bitcoin and the altcoins charted notable gains.
Leer más »
Ins and outs of railguns: Will they eventually see widespread usage?Militaries around the world have been attempting to develop a functional, battlefield-ready railgun for over a century. Will it ever be pulled off? 🤔
Leer más »
Shiba Inu Whale with 4 Trillion SHIB Increases Holdings; Here's What Was BoughtShiba Inu whale with four trillion SHIB acquires more assets; here's what was purchased ShibArmy
Leer más »
The best altcoins you can buy under $3 | The Market ReportWhat are your favorite tokens under $3? Join BY_DeFi, noshitcoins, CryptoDuality, and forgeforth_ as they reveal their top picks including MATIC, NCASH, and 1INCH! Tune in next Tuesday at 12PM EST:
Leer más »