$ETH saw around $800 million of short liquidations as the coin manages to bounce from fundamental support level
Such a large liquidation volume appeared after Ethereum bounced off the support line at $1,715 and gained around 4% to its value. The squeeze has most likely appeared because of traders' and investors' belief that the second biggest cryptocurrency on the market will drop below $1,700 and rush to the next support at around $1,500.
As for the whole market, total liquidations are sitting at approximately $809 million, which is considered far below average for the relatively low volatility we are seeing on the market today.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
One Indianapolis donut shop was named one of the best in the country for 2022While yesterday was National Donut Day, you can still celebrate this Indy donut shop, which recently received national recognition.
Read more »
Michael B. Jordan and Lori Harvey Break Up After More Than One Year Of DatingMichael B. Jordan and Lori Harvey have gone their separate ways after more than a year together
Read more »
An Underrated One Piece Devil Fruit Could Have Beaten Kaido Years AgoOne underrated Devil Fruit in One Piece is so powerful that it could have easily beaten the series' strongest villain, Kaido, years ago.
Read more »
Joe Barlow’s blown save is a rarity, but Rangers’ one-run losses are becoming a patternARLINGTON — There are certain thresholds the Rangers are striving to overcome. Getting above .500? They arrived at that dividing line earlier this week, but...
Read more »
Biden’s border crisis is one of the ‘worst humanitarian crises in the world:’ Rep. Buddy CarterRep. Buddy Carter, R-Ga., calls out the Biden administration on 'Fox & Friends Weekend' for failing to improve the crisis at the southern border.
Read more »