Posts about Crypto
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With the events around centralized exchanges and the SEC for the past days it was inevitable that the mainstream media would not let such an opportunity just fade away to call Crypto dead. Even more now as it seemingly seems that US regulators actually are hell-bend on de-facto banning Crypto, now mainstream media will obviously act as if US is the whole world.
That is the latest news by Vox, which has released a complete article just to try and convince their readers to “quit“ Crypto and why they should do it just right now. Those news handles will now obviously try to spin the story as if the SEC can fully just “kill“ Crypto, while we do know that there is visually no way you can completely cut off Crypto from you people, there will always be ways to access the Blockchain.
Here are also some of the other mainstream media trials to kill Crypto during this bear market, we should actually be thanking them as bringing Crypto on their front cover they just gave it more attention than rather killing it. People and especially the mainstream media being bearish on Crypto has been a typical symbol of a bottom as we could also see in 2018/19. Now history is repeating itself.
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Hi everyone,
In the last hour many alt coins (like ADA and MATIC) are bleeding heavily. The reason is most likely that the SEC is seeing these coins as security and that BTC has a small dip. This resulted in a lot of crypto liquidations.
The 1h, 4h, 12h, 24h liquidations data:
https://i.redd.it/bm1z8fn2e45b1.pngThe stats in the past 24h at the time of writing:
- In the past 24 hours, $322.12M of assets were liquidated.
- Liquidated longs and shorts: $290.44M were longs (90.17%) and $31.67M were shorts (9.83%).
- 164.694 traders were liquidated.
- Top 3 Liquidations: $32.28M of BTC, $26.69M of ETH and $14.18M of ADA.
- The largest single liquidation order happened on OKX - ETH-USD-SWAP value $2.18M.
Here is a liquidation heatmap from the last 24h:
https://i.redd.it/8rzhusmdf45b1.pngHere is a liquidation heatmap on CEX from the last 24h:
https://i.redd.it/72wxux7uf45b1.pngThe total liquidations in the last months:
https://i.redd.it/6brtegf1g45b1.pngYou can clearly see that today is a very bloody day for leverage traders of the data from the past months. Most likely it's just the start of a volatile weekend in the crypto markets!
What do you guys think?
Source: