On February 24th, data from Coinglass indicates that the total net liquidation amount for BAN reached approximately $11.26 million within a single day. This figure includes $7.91 million attributed to long positions and $3.35 million from short positions. Notably, this liquidation volume, while significant, remains lower than the recorded liquidation amounts for major cryptocurrencies such as BTC, ETH, and SOL. The analysis highlights a continuing trend in the volatile cryptocurrency market, where liquidations can serve as an important indicator of market sentiment and investor behavior.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024