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Crypto Market Sees Enormous 768 Million Dollar Liquidations in 24 Hours The cryptocurrency market has seen significant turbulence in the past 24 hours, with the total liquidation amount for futures contracts on all networks jumping to 768 million dollars. This sudden move touches on the highly volatile activity that traders have been going through, especially among those who were long. Of the total liquidations, 708 million dollars involved long positions, which means a large number of traders betting on increased prices were forced to exit their positions. On the other hand, 60.3 million dollars of the liquidation involved short positions, indicating a smaller portion of the traders were betting on the decline in prices. By major cryptocurrencies, the breakdown reveals Bitcoin at 317 million dollars in total liquidations, the single largest contributor to the market impact. Ethereum's liquidation comes next at 161 million dollars, underlining continued instability in the leading altcoin markets. It is a stark reminder of the risks of leveraged trading and, more so, in the highly volatile crypto space. Market participants are advised to exercise caution and manage risk effectively as price swings continue to challenge traders worldwide. #CryptoRally #Market_Update #Write2Earn #crypto #Binance
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Market Analysis of COMP/USDT: It shows a strong rebound after bottoming at $26.92, followed by a clear trend reversal. This has renewed bullish momentum, with the moving averages turning upward and forming support beneath the price. COMP has surged toward $36+, with the nearest resistance at $37.29, the latest swing high. Breaking this level could push the price to $37.80–$38.00, where previous supply pressure may appear. On the downside, immediate support is at $35.50–$35.55, where price consolidated before the recent push. Stronger support is around $33.20–$33.30, aligned with the MA25 and a healthy pullback zone. Major structural support is at $30.90–$31.00, where the MA99 sits and the price broke out from its downtrend. As long as COMP stays above the MA25 and keeps making higher lows, the trend remains bullish with potential to continue toward upper resistance levels. #CryptoRally #Market_Update #Write2Earn! #crypto #Binance $COMP
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The Power of INJ in Uniting Fragmented Blockchain Ecosystems
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Market Analysis of SANTOS/USDT: The chart shows a strong uptrend, aligned in a bullish formation. The market structure keeps setting higher highs and higher lows, confirming upward momentum. On the upside, the immediate resistance lies around $2.28–$2.29 and previously acted as a rejection point. A successful breakout above this level could drive price towards the next resistance near $2.34. The nearest support is found around $2.11–$2.12 where the latest pullback bounced. If this fails, price may retest deeper support at $1.96–$1.90 which is a region reinforced by the MA25 and previous consolidation. The major trend support lies around $1.83–$1.84 which aligns with the MA99 and represents the broader bullish structure. The general trend remains positive, with any dips likely to be treated as buying opportunities unless the major support is broken. #CryptoRally #Market_Update #Write2Earn #crypto #Binance $SANTOS
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