- On the 30th of July, crypto liquidations dropped to $132 million.
- BTC’s liquidation would rise again at $70 while ETH’s would rise near $3.45k.
The crypto market witnessed much volatility over the last few days, which can be attributed to several factors. In the meantime, crypto liquidations increased sharply.
This happened while the Federal Reserve’s decision regarding new monetary policy is expected soon.
Crypto liquidations increased
Recent data revealed that the crypto market’s liquidations reached $170 million. Most of these positions were longs, which are considered a bullish position.
A possible reason behind this could be BTC’s price action. The king of crypto’s price reached $70k at press time, after which long positions traders liquidated. This happened at a time when seven developments took place.
For an increase, the US government sold $2 billion worth of Bitcoins. Additionally, the Federal Reserve’s policy meeting was held, which was expected to provide insignia on the upcoming monetary policies.
As per AMBCrypto’s analysis of Coinglass’ data, the liquidation did decline on the 30th of July.
To be precise, crypto liquidations touched $132 million, out of which $109.5 million were long positions while $22.74 million were short positions.
Source: Coinglass
Are BTC and ETH affected?
This rise in liquidation also had an impact on Bitcoin’s [BTC] and Ethereum’s [ETH] price actions, as they turned bearish.
According to CoinMarketCap, both of these coins’ prices dropped marginally in the last 24 hours. At the time of writing, BTC was trading at $65,980, while ETH had a value of $3,311.
AMBCrypto then checked their liquidation heatmaps to find out when liquidation will increase again.
As per our analysis, BTC would once again witness a significant rise in liquidation if its price retouches $70k. Before reaching that level, BTC’s liquidation would remain relatively low.
Source: Hyblock Capital
Mentioning Ethereum, its liquidation would reach $43.5k when its price touches $3.45k. Above that, ETH’s liquidity would rise again near the $3.8 mark.
Source: Hyblock Capital
AMBCrypto then checked their daily charts to find how likely it is for them to reach the aforementioned level in the short term. The Bollinger Bands revealed that BTC was testing its 20-day Simple Moving Average support.
A successful test of that could allow BTC to begin yet another bull rally. Its Chaikin Money Flow (CMF) also remained bullish as it moved up. But the Relative Strength Index (RSI) supported the bears.
Source: TradingView
Read Ethereum’s [ETH] Price Prediction 2024-25
Interestingly, while BTC was testing its support, Ethereum was testing its resistance at its 20-day SMA. The good news was that its RSI registered an uptick.
Additionally, its Chaikin Money Flow (CMF) also moved northward. Both of these indicators suggested that the chances of ETH turning bullish again were high.
Source: TradingView
- On the 30th of July, crypto liquidations dropped to $132 million.
- BTC’s liquidation would rise again at $70 while ETH’s would rise near $3.45k.
The crypto market witnessed much volatility over the last few days, which can be attributed to several factors. In the meantime, crypto liquidations increased sharply.
This happened while the Federal Reserve’s decision regarding new monetary policy is expected soon.
Crypto liquidations increased
Recent data revealed that the crypto market’s liquidations reached $170 million. Most of these positions were longs, which are considered a bullish position.
A possible reason behind this could be BTC’s price action. The king of crypto’s price reached $70k at press time, after which long positions traders liquidated. This happened at a time when seven developments took place.
For an increase, the US government sold $2 billion worth of Bitcoins. Additionally, the Federal Reserve’s policy meeting was held, which was expected to provide insignia on the upcoming monetary policies.
As per AMBCrypto’s analysis of Coinglass’ data, the liquidation did decline on the 30th of July.
To be precise, crypto liquidations touched $132 million, out of which $109.5 million were long positions while $22.74 million were short positions.
Source: Coinglass
Are BTC and ETH affected?
This rise in liquidation also had an impact on Bitcoin’s [BTC] and Ethereum’s [ETH] price actions, as they turned bearish.
According to CoinMarketCap, both of these coins’ prices dropped marginally in the last 24 hours. At the time of writing, BTC was trading at $65,980, while ETH had a value of $3,311.
AMBCrypto then checked their liquidation heatmaps to find out when liquidation will increase again.
As per our analysis, BTC would once again witness a significant rise in liquidation if its price retouches $70k. Before reaching that level, BTC’s liquidation would remain relatively low.
Source: Hyblock Capital
Mentioning Ethereum, its liquidation would reach $43.5k when its price touches $3.45k. Above that, ETH’s liquidity would rise again near the $3.8 mark.
Source: Hyblock Capital
AMBCrypto then checked their daily charts to find how likely it is for them to reach the aforementioned level in the short term. The Bollinger Bands revealed that BTC was testing its 20-day Simple Moving Average support.
A successful test of that could allow BTC to begin yet another bull rally. Its Chaikin Money Flow (CMF) also remained bullish as it moved up. But the Relative Strength Index (RSI) supported the bears.
Source: TradingView
Read Ethereum’s [ETH] Price Prediction 2024-25
Interestingly, while BTC was testing its support, Ethereum was testing its resistance at its 20-day SMA. The good news was that its RSI registered an uptick.
Additionally, its Chaikin Money Flow (CMF) also moved northward. Both of these indicators suggested that the chances of ETH turning bullish again were high.
Source: TradingView
помещение для переговоров http://www.oborudovanie-peregovornyh-komnat.ru .
My brother recommended I might like this web site He was totally right This post actually made my day You cannt imagine just how much time I had spent for this information Thanks
how to get clomid without prescription where can i buy generic clomid without prescription where can i get cheap clomiphene pill clomid uk buy clomid or nolvadex for pct clomiphene generic brand how to buy clomiphene pill
Thanks towards putting this up. It’s well done.
Simply wanna admit that this is invaluable, Thanks for taking your time to write this.
This is the kind of topic I have reading.
order zithromax 250mg for sale – ciplox 500 mg uk buy metronidazole without a prescription
semaglutide buy online – purchase periactin without prescription buy generic periactin
where to buy motilium without a prescription – cheap sumycin 250mg flexeril price
augmentin 375mg canada – https://atbioinfo.com/ acillin price
Este site é realmente fabuloso. Sempre que consigo acessar eu encontro coisas diferentes Você também pode acessar o nosso site e saber mais detalhes! Conteúdo exclusivo. Venha saber mais agora! 🙂
nexium 20mg price – anexamate.com nexium order online
order warfarin online – coumamide.com buy cozaar pills
buy meloxicam 7.5mg without prescription – mobo sin meloxicam 15mg drug
I used to be very happy to search out this web-site.I wished to thanks to your time for this excellent read!! I positively enjoying every little little bit of it and I have you bookmarked to take a look at new stuff you weblog post.
prednisone 40mg us – https://apreplson.com/ cheap prednisone 40mg
ed pills no prescription – https://fastedtotake.com/ new ed pills
order amoxil sale – buy amoxil online buy amoxil without a prescription
fluconazole 100mg sale – click order fluconazole 100mg online cheap
lexapro 10mg us – https://escitapro.com/ order escitalopram
buy cenforce 50mg sale – https://cenforcers.com/# purchase cenforce online cheap
mambo 36 tadalafil 20 mg reviews – fast ciltad achats produit tadalafil pour femme en ligne
sildalis sildenafil tadalafil – on this site cialis for sale toronto
oral ranitidine – click zantac 150mg cheap
order viagra with paypal – https://strongvpls.com/# where can i buy a viagra
This website really has all of the bumf and facts I needed to this case and didn’t know who to ask. sitio web
I am actually delighted to coup d’oeil at this blog posts which consists of tons of profitable facts, thanks towards providing such data. https://buyfastonl.com/
Thanks for putting this up. It’s understandably done. https://ursxdol.com/synthroid-available-online/
The sagacity in this piece is exceptional. https://prohnrg.com/product/loratadine-10-mg-tablets/
You have noted very interesting points! ps nice site.
I am actually delighted to glitter at this blog posts which consists of tons of useful facts, thanks for providing such data. viagra gГ©nГ©rique sans ordonnance en pharmacie
This is a topic which is near to my callousness… Many thanks! Faithfully where can I notice the connection details due to the fact that questions? https://ondactone.com/product/domperidone/
The thoroughness in this draft is noteworthy.
https://doxycyclinege.com/pro/sumatriptan/
The thoroughness in this break down is noteworthy. http://zqykj.com/bbs/home.php?mod=space&uid=302439
Fantastic goods from you, man. I have understand your stuff previous to and you are just extremely excellent. I actually like what you’ve acquired here, certainly like what you’re saying and the way in which you say it. You make it enjoyable and you still take care of to keep it smart. I can’t wait to read much more from you. This is really a tremendous website.
Loving the information on this website , you have done outstanding job on the posts.
Great site! I am loving it!! Will be back later to read some more. I am bookmarking your feeds also
whoah this weblog is magnificent i like reading your articles. Keep up the good work! You recognize, a lot of persons are searching round for this information, you could aid them greatly.
orlistat buy online – buy generic xenical buy orlistat 60mg generic
Whats Taking place i’m new to this, I stumbled upon this I have found It positively useful and it has helped me out loads. I’m hoping to contribute & help different customers like its aided me. Great job.
I’ll certainly bring to review more. https://experthax.com/forum/member.php?action=profile&uid=124785