The fall of Bitcoin triggered the liquidation of long positions worth $500 million, as Dogecoin and ADA dropped by 7%.
Key points:
📍Long positions worth over $500 million were liquidated in the Crypto Markets as Bitcoin fell from weekend highs.
📍A temporary tariff truce between the US and China may have eased concerns about risk in the Crypto Markets.
📍Analysts view the upcoming Fed meeting in June as a potential driver for future market movements.
According to Coinglass, over the last 24 hours, long positions worth more than $530 million have been liquidated, of which nearly $200 million came from Bitcoin-tracked futures, and $170 million from Ethereum (ETH) products.