On Friday, the long positions in the crypto market were liquidated by more than half billion as the price of bitcoin slipped below $ 116,000 among a wider market.
According to coinglass dataIn a long position, $ 585.86 million was liquid, with bitcoin (BTC) with that total accounting for $ 140.06 million, it fell 2.63% to $ 115,356.
Ether (Eth) fell 1.33% to $ 3,598 to $ 3,598, with $ 104.76 million in long liquidity.
Dogecoin (Doge) led the loss between the top 10 cryptocurrency by market capitalization, fell 7% in the last 24 hours to $ 0.22 and wiped $ 26 million in long positions, According To Nansen.
The sudden market fall inspired the liquidation of 213,729 traders in this period, recently captured several off guards amidst a boom feeling. Across the board, a total of $ 731.93 million was excluded from the market to lower and long positions.
It was on 14 July that Bitcoin reached the new all-time high of $ 123,100, and many kept the expectations of the uptrend to continue.
Despite the pullback, with the Crypto Fear and Greed Index, Bhavna remains rapid Entry A “greed” score of 70 in his Friday update.
This is a developing story, and further information will be added as it is available.
