Building bets against higher crypto prices have lost more than $ 500 million in the last 24 hours, because an increase, supported by a possible recharge of Chinese prices by the United States, has led to the greatest short liquidations since October.
Bitcoin (BTC) went from Tuesday from $ 88,000 to more than $ 93,500 in Asian morning hours, shows the data, leaving a wider market with Ether (ETH), Ada and Dogecoin de Cardano (DOGE) up 14%. The solana soil and XRP increased by 7%, with all the tokens in the upper hundred by market capitalization in green.
Meanwhile, suis of Network, Uniswap’s Uni and Protocol’s showed a force with gains of 18%. Samecoin Mog (MOG) made an arrow of 30%, continued its tendency to act as a beta beta to the decision of ETH.
Nearly $ 530 million in shorts, or bets on lower prices, losses have reserved losses in the middle of a general lever effect. The data shows that most short liquidations took place on the use of $ 234 million, followed from Binance to $ 100 million and Gate at nearly $ 70 million.
The largest order of single liquidation occurred on Binance, a long -term post of the ETH which was worth more than $ 4.5 million.
Liquidations occur when a scholarship firmly firm the lever effect position of a merchant due to a partial or total loss of the merchant’s initial margin. This happens when a trader cannot meet the margin requirements of a lever effect position, that is to say when she does not have enough funds to keep the trade open.
An increase in cryptography came while Trump said he was planning to be “very nice” for China in all commercial talks and the prices will drop if the two countries can conclude an agreement – a sign that could temper a prudent feeling in progress among the merchants.
“The fears of an escalation of the trade war have decreased because the merchants largely see the United States and China arriving at a trade agreement in the coming weeks,” said Jeff Mei, COO in BTSE, in Coindesk in a telegram message. “It remains to be seen whether it will be temporary or not.”
“But what the last two weeks have shown us is that the probability of rate drops and a deprecating US dollar are high, which explains the Bitcoin thrust. If the US dollar is weakening, there are not many other currencies to turn to so many other countries can also depreciate their currencies.
