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Nearly 1 billion dollars worth of cryptocurrency has been liquidated in the last 24 hours.
In the past 24 hours, nearly 1 billion dollars in positions have been liquidated. Mainly long positions.
More open contracts have been liquidated across the market.
Get used to days like this, when long positions are liquidated, and buyers start to question themselves as the market consolidates and regains momentum for a later move.
This is a very normal behavior, and without days like this, you cannot create a sustainable price increase over time.
These days may be a good time to monitor and potentially DCA, but overall, the market will experience some more stop-loss cuts/consolidation/bleeding and the bottom will form relatively slowly in this cycle.