Square Official)
Crypto Market Sees $252 Million in Liquidations
• In the past 24 hours, the crypto market saw $252 million in long and short liquidations, indicating elevated volatility.
• Long positions dominated with roughly $215 million liquidated, while shorts were around $36.8 million.
• Bitcoin and Ethereum faced significant liquidations (~$61 M and ~$59 M respectively).
This suggests traders may be repositioning or stops getting hit during price swings. �
Binance
📉 Current Price Trend (Market Snapshot)
• Bitcoin (BTC) is trading around $91,000–$92,000, showing downward pressure.
• Major coins are mixed, with some altcoins outperforming in smaller caps.
Market conditions appear choppy, with short-term downside dominating while broader sentiment remains cautious. �
Binance
📌 What This Means for Traders
Volatility is high: Significant liquidations often reflect nervous markets and rapid price swings.
Risk management important: Traders should be careful with leverage and stop orders due to sudden moves.
Mixed performance across crypto: BTC and ETH may lag while niche altcoins show bursts of strength.
Overall, the market looks uncertain in the short term, with short-term sell pressure dominating but opportunities still present. �
Binance +1
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