Ethereum

Bitcoin

<h2 id="quick-take">Quick Take</h2> 
<p>In the past 12 hours, trading markets in Europe and Asia witnessed approximately $100 million in liquidations, intriguingly split into $65 million long and $30 million shorts. The dominant digital asset, Bitcoin, bore the brunt of these liquidations with $20 million, predominantly in long positions, just ahead of Ethereum with $17 million longs liquidated.</p> 
<p>This surge in Bitcoin liquidations comes as the world turns its focus towards the <a href="https://cryptoslate.com/insights/bitcoin-price-rally-ignites-bullish-sentiment-across-us-and-asia/">U.S. market</a> open, where Bitcoin has historically seen substantial price fluctuations. The correlation between the increase in Bitcoin liquidations and its significant price movement in the U.S. market is a point of curiosity. This trend could be indicative of a strategic shift, as traders potentially adjust their positions in anticipation of the U.S. market’s reaction.</p> 
<p>Bitcoin is currently 3% down today, trading around $36,600</p> 
<figure id="attachment_374506" aria-describedby="caption-attachment-374506" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-374506 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/11/US-1.png" alt="Liquidation heatmap: (Source: Coinglass)" width="749" height="383" srcset="https://cryptoslate.com/wp-content/uploads/2023/11/US-1.png 749w, https://cryptoslate.com/wp-content/uploads/2023/11/US-1-300x153.png 300w" sizes="(max-width: 749px) 100vw, 749px">
 <figcaption id="caption-attachment-374506" class="wp-caption-text">
  Liquidation heatmap: (Source: Coinglass)
 </figcaption>
</figure> 
<p>The post <a href="https://cryptoslate.com/insights/market-braces-for-u-s-impact-after-bitcoin-longs-face-20-million-liquidation-wave/">Market braces for U.S. impact after Bitcoin longs face $20 million liquidation wave</a> appeared first on <a href="https://cryptoslate.com">CryptoSlate</a>.</p>

Market braces for U.S. impact after Bitcoin longs face $20 million liquidation wave

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