03-28-2022, 08:22 AM
Over $100 Million dollars worth of shorts on ETH and BTC were liquidated in almost 5
<!-- SC_OFF --><div class="md"><p>You can see some of the short and long data here and track the liquidations live. <a href="https://www.coinglass.com/LiquidationData">https://www.coinglass.com/LiquidationData</a></p> <p>BTC has finally broken out past it's $45k sell wall briefly moving past $46k indicating that larger gains over the coming week may be quite likely. </p> <p>Ethereum climbed up past $3.2k with its next resistance around $3.5k.</p> <p>The US FED has promised to lower their monthly purchases of stocks and bonds, and is also starting to increase interest rates back from it's long 0% rate during the pandemic. This should put some downpressure on most stocks now that it isn't effectively "free" to continue to borrow massive amounts of money.</p> <p>Obviously there's still a lot of uncertainty in the global markets with the war in Ukraine, but I don't see crypto taking any worse of a blow due to fear than regular stock and ETF options.</p> <p>China is also dealing with their massive housing financial crisis, which isn't made any better bycurrent events.</p> <p>With inflation at all time highs (and is NOT transitory, likely to keep increasing) crypto is proving it's a necessity for storing value outside of fiat currencies.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/shlammyjohnson"> /u/shlammyjohnson </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tptbow/over_100_million_dollars_worth_of_shorts_on_eth/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tptbow/over_100_million_dollars_worth_of_shorts_on_eth/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>You can see some of the short and long data here and track the liquidations live. <a href="https://www.coinglass.com/LiquidationData">https://www.coinglass.com/LiquidationData</a></p> <p>BTC has finally broken out past it's $45k sell wall briefly moving past $46k indicating that larger gains over the coming week may be quite likely. </p> <p>Ethereum climbed up past $3.2k with its next resistance around $3.5k.</p> <p>The US FED has promised to lower their monthly purchases of stocks and bonds, and is also starting to increase interest rates back from it's long 0% rate during the pandemic. This should put some downpressure on most stocks now that it isn't effectively "free" to continue to borrow massive amounts of money.</p> <p>Obviously there's still a lot of uncertainty in the global markets with the war in Ukraine, but I don't see crypto taking any worse of a blow due to fear than regular stock and ETF options.</p> <p>China is also dealing with their massive housing financial crisis, which isn't made any better bycurrent events.</p> <p>With inflation at all time highs (and is NOT transitory, likely to keep increasing) crypto is proving it's a necessity for storing value outside of fiat currencies.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/shlammyjohnson"> /u/shlammyjohnson </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tptbow/over_100_million_dollars_worth_of_shorts_on_eth/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tptbow/over_100_million_dollars_worth_of_shorts_on_eth/">[comments]</a></span>Kind Regards R