The growth trend of the wider digital currency ecosystem has changed briefly, the aspirations of merchants for Bitcoin and the best altcoins for possibly leading to light liquidations. In the past 24 hours, combined market liquidations have totaled $ 225.21 million, according to to Coinglass data, with more than 84,000 liquidated merchants.
Long trader liquidation imbalance
In particular, the market management often determines which future market players are most confronted with liquidation: long and short traders. For Bitcoin, liquidations total $ 91.43 million, with short traders representing $ 80.51 million. Long traders have been positively exceeded, with only $ 10.82 million in liquidations.
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The trend has also spread to Solana and XRP, where short traders recorded more liquidations overall. According to Coringlass data, Solana obtained a liquidation of $ 7.89 million within 24 hours compared to the $ 3.44 million in XRP. For the two pieces, the short betting of the merchants were invalidated after the Haussier movement on the market.
Cryptographic liquidations are not uncommon. These current figures show that exposure to the lever effect is minimal, because investors largely maintain a cautious approach in uncertainty.
Although the market management remains unknown, the release of short overexcursers in favor of longs could help to stage an escape.
Bitcoin Price Shame on the market
The Bitcoin price recovered the $ 97,000 mark on May 1, which was a positive start of the month in the middle of the optimistic expectations of traders. However, he recorded a reversal and now changed hands for $ 96,704.27, up 1.64% in 24 hours.
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Solana has lost almost 1% of its price to lose support of $ 150. On the other hand, XRP was negotiated at $ 2,215, up 0.33% from press time.
With sustained optimistic consolidation and CIA's crucial recognition that the BTC is there to stay, the feeling of traders can change in the coming days. BTC will be expected to lead the optimistic reset of the larger market with the new summits.
