The market has experienced a sharp increase in liquidations, with Bitcoin, Ethereum and Dogecoin as the most affected. Over the past 24 hours, the total liquidations have amounted to $ 614.63 million, which affects more than 224,000 traders.
Bitcoin accounts for the largest proportion, with $ 236.87 million in liquidations, followed by Ethereum to $ 106.85 million.
Source: X.
Dogecoin has been most affected among the top 10 cryptocoirs, with $ 21.79 million in liquidations after a 13%price fall. The largest individual liquidation order, valued at $ 32.09 million, occurred at Binance in the BTCUSDT pair.
Uncertainty about Trump’s Bitcoin Reserve Order and wider market conditions has left traders on the edge and provided further volatility.
BTC, ETH and DODE -KAMP
Following this wave of liquidations, large crypto courses are trying to stabilize, but Baissat pressure remains strong.
Source: Tradingview
At press time, Bitcoin acted to $ 81,273 and struggled to regain speed after the last decline. RSI sat at 35.38 and signaled overstated conditions, which could suggest a potential relief stop.
However, the downward trend remains intact, with strong resistance close to $ 84,000. OBV also showed weak purchase pressure, which indicates gently feeling among traders.
If BTC fails to hold over $ 80,000, the further disadvantage of $ 78,000 may be likely. A break over $ 84,000 can move speed in favor of the bulls.
Source: Tradingview
