Best Crypto to Buy Now After Bitcoin’s Sudden 3,100% Liquidation Sparks Market Panic
The post Best Crypto to Buy Now After Bitcoin’s Sudden 3,100% Liquidation Sparks Market Panic appeared on BitcoinEthereumNews.com. Things took a turn for the bizarre as Bitcoin experienced a sudden liquidation event, leading to total liquidations of $32.31 million in just an hour. $31.03 million of that came from long positions, and $1.29 million came from shorts, CoinGlass reveals. This could have been the result of China finally bending the knee to the US due to the recent tariff turmoil. Liquidation of Bitcoin is just one phenomenon; Ethereum also went through liquidations worth $9.36 million, followed by the likes of XRP, Solana, and Dogecoin. The result of this is the sudden Bitcoin dip of 2.05% in the last 24 hours. While the BTC price continues to stay above the $100K level, a few more events like these could bring the crypto economy back to square one. That said, Alternative.me revealed that the market is still greedy, as the pin on the Crypto Fear and Greed Index is still at 70. This could result in prolonged periods of volatility that people should take advantage of by investing in the best crypto to buy now as soon as possible. Massive Stop-Losses Triggered and Margin Calls Across Leverage Long Positions Within one hour, there was $78.05 million in long liquidations vs $7.23 million in shorts. This 10:1 ratio, concentrated within a short time frame, indicates that many retail and institutional investors were engaged in forced selling, and there may have been no panic in the market. As reported by Investing.com, this may not be because of panic. However, it is also important to realize that even brief bouts of volatility could lead to market crashes. And considering the crypto community’s hope is now to see Bitcoin reach new highs, another liquidation period like this one could cause the BTC price to break below its $100K support, which could trigger a massive…
The post Best Crypto to Buy Now After Bitcoin’s Sudden 3,100% Liquidation Sparks Market Panic appeared on BitcoinEthereumNews.com.
Things took a turn for the bizarre as Bitcoin experienced a sudden liquidation event, leading to total liquidations of $32.31 million in just an hour. $31.03 million of that came from long positions, and $1.29 million came from shorts, CoinGlass reveals. This could have been the result of China finally bending the knee to the US due to the recent tariff turmoil. Liquidation of Bitcoin is just one phenomenon; Ethereum also went through liquidations worth $9.36 million, followed by the likes of XRP, Solana, and Dogecoin. The result of this is the sudden Bitcoin dip of 2.05% in the last 24 hours. While the BTC price continues to stay above the $100K level, a few more events like these could bring the crypto economy back to square one. That said, Alternative.me revealed that the market is still greedy, as the pin on the Crypto Fear and Greed Index is still at 70. This could result in prolonged periods of volatility that people should take advantage of by investing in the best crypto to buy now as soon as possible. Massive Stop-Losses Triggered and Margin Calls Across Leverage Long Positions Within one hour, there was $78.05 million in long liquidations vs $7.23 million in shorts. This 10:1 ratio, concentrated within a short time frame, indicates that many retail and institutional investors were engaged in forced selling, and there may have been no panic in the market. As reported by Investing.com, this may not be because of panic. However, it is also important to realize that even brief bouts of volatility could lead to market crashes. And considering the crypto community’s hope is now to see Bitcoin reach new highs, another liquidation period like this one could cause the BTC price to break below its $100K support, which could trigger a massive…
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