The BEARISH bets on the main tokens lost nearly $ 600 million on Sunday while the merchants were taken offside after the announcement by President Donald Trump of an American strategic reserve for several tokens.
Sundays are generally marked with relatively lower liquidity, which makes unusually high price jumps because it takes relatively less money to move assets. The Cardano ADA has increased by 60% in the last 24 hours, with ground up from XRP and Solana and Bitcoin (BTC) by more than 9%.
BTC’s term contracts have taken more than $ 344 million in losses on long and shorts, leading losses on the market, followed by $ 170 million in liquidations on term contracts followed by ETH.
The future following ADA, XRP and Sol recorded more than $ 70 million in liquidation each, their highest levels since September 2024, according to Coinglass data.
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 for a lever effect position, that is to say that he does not have enough funds to keep the trade open.
Unusual liquidations can be used in confluence with other market indicators in trading strategies. The active ingredients can be considered as highlighted and ripe for a reversal or a profit – which makes it a set of data contrary to monitor.
As such, the open interest (or the amount of unstable term bets) has increased up to 40% higher for XRP, ADA and Sol because the traders expect volatility.
Bitcoin (BTC) zoomed out on more than $ 93,000 in Asian first hours on Monday, reversing a piece of losses last week when it fell to $ 83,500 on macroeconomic opposite winds such as American prices and force in paradise and gold assets.
Some expected the largest cryptocurrency to fall to the price levels of $ 70,000 in the middle of $ 70,000, with a bump in short transactions and an open interest with a downward bias.
But Trump’s comments brought back upward expectations, at least in the short term, although traders remain cautious of a continuous rally until the inverted plans are more concrete. As such, BTC plays at the level of $ 100,000 in demand, as a Coindesk analysis noted earlier on Monday.
