More Than $750,000,000 Worth of Crypto Liquidated in Just 12 Hours As Markets Sell Off

Por The Daily Hodl - 2 anos atrás - Tempo de leitura: 2 minutos

More Than $750,000,000 Worth of Crypto Liquidated in Just 12 Hours As Markets Sell Off

Tens of thousands of crypto traders have had their positions liquidated as markets across all sectors close out the week in the red.

Data from the cryptocurrency futures trading and information platform Coinglass reveals that on November 25th, over $751 million worth of trader positions in digital assets were wiped out in a 12-hour span. Among these losses, 85.2% came from investors holding long positions.

Fonte: Copo de moeda

Technology reporter Kate Rooney appeared on CNBC’s Squawk Box to discuss what might be causing the broader sell-off that’s hitting Bitcoin (BTC) particularly hard.

“It’s really a macro-driven selloff. For Bitcoin this morning, the cryptocurrency dropping [to] near $53,000. That’s the lowest level we’ve seen since October.

Bitcoin’s now off by 20% from that all-time high of $69,000 it hit earlier in November. That move [is] officially putting it in bear-market territory.”

Rooney says that indications of a new coronavirus variant are sending shockwaves across markets worldwide.

“This is really the same knee-jerk reaction we’re seeing in tech and some of the higher-growth names with news of that covid variant. Bitcoin [is] still seen as that riskier asset. The inflation and safe-haven narrative [is] really not sticking quite yet.”

The tech reporter says it’s still too early to tell whether BTC has ended its bull cycle or is setting a new floor before its next run-up.

“That’s the open question. Is this a new bear market? We’ve seen crypto winters before, where the price drops as much as 70% or 80%. Others are saying this is just a higher low. It looks to be finding a bottom around $53,000, but that’s still an open question.”

No momento da escrita, BTC está sendo negociado a US$ 54,602, uma queda de 6.54% no dia.

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  Isenção de responsabilidade: As opiniões expressas no The Daily Hodl não são conselhos de investimento. Os investidores devem fazer a devida diligência antes de fazer qualquer investimento de alto risco em Bitcoin, criptomoeda ou ativos digitais. Informamos que suas transferências e negociações são por sua própria conta e risco, e quaisquer perdas que você possa incorrer são de sua responsabilidade. O Daily Hodl não recomenda a compra ou venda de quaisquer criptomoedas ou ativos digitais, nem é o The Daily Hodl um consultor de investimentos. Observe que o The Daily Hodl participa do marketing de afiliados.

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