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The ongoing crypto liquidations triggered by macroeconomic factors have led analysts and traders to pitch new techniques to weather the storm. A new market report from <a href="https://t.me/QCPbroadcast/1195" target="_blank" rel="noopener noreferrer nofollow">QCP Capital</a> highlights the prevailing risky market sentiment due to recent outflows from crypto assets.&nbsp;
According to the release, nervousness on the part of traders could see a downside in Ethereum (ETH) risk reversal. Present values have lost 20% since the liquidation over the weekend with the asset’s price at $3,063. These bearish movements have sparked reduced sentiment plummeting ETH price from its previous highs.
QCP projects the market sentiment to remain with the Iran-Israel tensions which also plunged the stock market as investors withdrew funds from risky assets. US equities have also recorded weakness despite some factors.&nbsp;
“Perp funding for BTC is flattish with the back end of the curve holding steady at double-digit yields. Alt perp funding is generally negative as well which shows that a lot of the long leverage has been wiped out.”&nbsp;
<h2 id="strong-qcp-suggests-discount-trading-strong">QCP Suggests Discount Trading</h2>
With crypto liquidation plummeting the price of <a href="https://coingape.com/bitcoin-selloff-continue-during-bitcoin-halving-event-crypto-com-ceo/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> and Ethereum, QCP suggests picking bottoms carefully at a discount from the spot price.&nbsp;
<blockquote>
 “Given the prevailing nervousness, we suggest picking bottoms very defensively by buying BTC or ETH at a significant discount to the spot price. For example, a 12-week Accumulator to buy BTC at 55k (12% discount!).”
</blockquote>
These market conditions led to crypto enthusiasts trending the catchphrase “buy the dip” across social media spaces. With the upcoming halving, several traders expect a reversal of present factors.
<h2 id="strong-crypto-liquidations-to-continue-strong-span-style-font-weight-400-span">Crypto Liquidations to Continue?&nbsp;</h2>
While many expect a reversal of crypto prices, an analyst explained factors that could spark more corrections in Bitcoin price. The 30-day <a href="https://coingape.com/bitcoins-funding-rate-and-resistance-threatens-price-rebound/" target="_blank" rel="noopener noreferrer nofollow">funding rate</a> for Bitcoin remains high close to 2021 levels.&nbsp;
Also, the asset faces its greatest resistance with its all-time high. Retail inflow figures show reduced investors in the market amid its discount and premium levels.
Also Read:<a href="https://coingape.com/solana-based-liquid-real-estate-project-parcl-unveils-native-prcl-tokens/" target="_blank" rel="noopener noreferrer nofollow"> Solana-based Liquid Real Estate Project Parcl Unveils Native PRCL tokens </a>
The post <a href="https://coingape.com/crypto-liquidations-could-spark-discount-trading-qcp/" rel="noopener noreferrer nofollow">Crypto Liquidations Could Spark Discount Trading: QCP</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Crypto Liquidations Could Spark Discount Trading: QCP

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