Ethereum ETH / USD Over the last 24 hours, $ 102 million has been cleared, significantly leading the clearing of cryptocurrencies.
What happened: According to the data from CoinGlass, ETH was liquidated yesterday with a short of $ 59.96 million and a long of $ 42.47 million. Asset prices reached a daytime high of $ 1,654 late Sunday, but plummeted to $ 1,557 in the next two hours.
10k $ ETH Market selling within 10 minutes on the FTX spot market resulted in a -4% move
It’s just a small part of their inventory
Running shortstop / clearing … then dump, it’s the pongee market pic.twitter.com/z6PiNEPyiX
— Ninja (@Ninjascalp) July 24, 2022
Sudden negative price behavior may have been triggered by a large number of sell orders on crypto exchanges FTXAccording to the crypto trader Ninja.
$ ETH Last push to 1690 before getting off?Beautiful combo, bull trap + stop hunt for recently piled shorts pic.twitter.com/dSfqjjOOWR
— Fabiocabral.eth (@ fabiocab99) July 24, 2022
“It certainly seems to have been a bullish trap,” another crypto trader wrote in. twitter..
in the meantime, Bitcoin BTC / USD Yesterday, we recorded a liquidation of only $ 22.94 million. Long and short BTC traders experienced similar pain, with assets trading between $ 22,242 and $ 22,974 in the last 24 hours, closing longs at $ 11.39 million and shorts at $ 11.55 million.
Dogecoin Doge / USD Very few clearings recorded compared to the top two cryptocurrencies. Of the $ 669,000 in DOGE’s liquidation, 75% of traders have long been meme coins.
According to DOGE, it has traded in the range of $ 0.065 to $ 0.068 in the last 24 hours. Data from Benzinga Pro..
