Bitcoin, which pinned from $ 26 thousand 260 to $ 25 thousand 650 ( BTC), it has literally taken action on long-directed transactions.
BTC, which moved to around $ 26,450 yesterday evening, did not change the liquidation data in balance. However, BTC’s difficulty in overcoming the minor resistance brought about a sharp retreat. The admiral of the cryptocurrencies, which loosened from $ 26,260 directly to $ 25,650, led to the liquidation of $ 25 million worth of transactions in the last 4 hours.
Almost all liquidated transactions are long directional.
BTC, which achieved a positive atmosphere after exceeding $ 26,000, increased the appetite of investors. During this process, long positions gained dominance over short positions. However, an unexpected and violent price pullback resulted in the liquidation of the $24.98 million transaction.
While $24.98 million worth of transactions were liquidated in the last 4 hours, $23.32 million of this amount was long-sided transactions. Naturally, the most liquidation came from BTC. In the last 4 hours, $7.56 million worth of BTC and $6.65 million worth of ETH transactions were liquidated. After BTC and ETH, the name that stood out was LTC, which is among the major coins of the market.
When we look at the overall picture, the futures transactions of 34,125 crypto investors worth $ 84.9 million were liquidated in the last 24 hours. The largest loss in a single transaction was recorded as $5.15 million in the XBT/USD parity of the Bitmex exchange.
