cryptocurrency We mentioned that even if the trend in the markets is upward, sudden declines of up to 20 percent are normal. The reason for this warning, which was given at every opportunity, was past experiences and the fears just came true. So what should cryptocurrency investors do?
Bitcoin Price Crashed
Crypto Something happened that triggered a sudden general decline in currencies and a few minutes ago BTC price It dropped from 99 thousand dollars to 90,500 dollars. The decrease from the peak in the last 24 hours was around 14 thousand dollars. We have been talking for days about how sudden large, volume sales could have such devastating consequences.
The six-figure price was an attractive point to take profits, and we also wrote about the potential of the upcoming December 18 Fed meeting to stagnate markets similar to previous meetings. Even though BTC quickly regained $ 95,000, in the scenario where the daily closing is below $ 97,000, investors can expect bad surprises for altcoins in the coming hours.
According to Coinglass data, positions worth $458 billion were liquidated. BTC It experienced a liquidation of $328 million and this happened in just 1 hour. The size of the 24-hour liquidation is exactly 1.08 billion dollars. Such large liquidations are a rare occurrence in cryptocurrencies, and everyone has experienced once again how bad results high leveraged stopless positions can have, even if the trend is up.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
