Despite the strong bitcoin rise up to the last few days $30,000the crypto market has recovered in less than an hour $200 million lost. This caused a subsequent drop of 27,000 US dollars.
The price fell to 25,000 at the end of April, with a subsequent recovery to almost 26,700. The losses have even increased. Of course, you can too Token for entry in Bitcoin to be, because price losses always trigger counter-buying.
150 There are millions of dollars in long positions in liquid bitcoin
Of the more than $200 million in leveraged losses, long positions in excess of $150 million were the hardest hit. The Bulls were clearly caught on the wrong foot this time.
The most affected positions were on the crypto exchanges Binance and OKX. In particular, users have lost some of the long positions on Binance.
Of course, not only Bitcoin was affected, but also the rest of the crypto market, such as Ethereum. The second most important currency fell to almost $1,650 but has also recovered to around $1,745.
The market situation is always volatile
The market situation is very volatile at the moment, so that future trading days will also promise a lot of tension, with prices falling and then recovering. The affairs of cryptocurrencies are getting worse, especially the affairs of Bitcoin. Since the Line 200 days achieved, there is a real risk that Bitcoin falls below $21,500.
This affects not only Bitcoin, but also Ethereum and many new Altcoins and cryptocurrencies. at the fanned banking crisis However, more and more investors are also focusing cryptocurrencies.
So there could be further reductions at the moment, but also price increases in the days, weeks and months ahead.
Cryptocurrency with potential 2023
Cryptocurrencies are a highly volatile, unregulated investment product. Your capital is at risk.