With BlackRock’s ETF application, 59.48 million dollars of transactions were liquidated in the last 24 hours in cryptocurrencies, which showed a rapid rise.
Making a Bitcoin (BTC) ETF application, BlackRock added mobility to cryptocurrencies. Priced around $25,000, BTC made an attack with this news and tested $25,750. Surprising liquidation results emerged from the sudden price movement. BTC, which made a 3.5 percent jump from $ 24,900, delighted some of the crypto investors and upset the others with the liquidation data.
Purge Data Continues to Confuse
In the last 24 hours, $38.17 million of short-sided and $21.31 million of long-way transactions were liquidated. A total of $59.48 million was liquidated, while $20.27 million (34.28%) of this amount was on Binance. Of the liquidations on Binance, $8.88 million is long, $11.39 million is short.
A notable piece of data also came from Bitfinex. While short transactions on other crypto exchanges were liquidated, 83.92 percent of liquidations on Bitfinex were long transactions. Liquidation values, which were heavily affected by BTC testing $24,900 to $25,750, resonated in the industry. Crypto investors, on the other hand, were divided on this price action of BTC.
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