The cryptocurrency market faced another brutal slowdown, as Bitcoin has decreased to less than 88,000 dollars, which led to an amazing interest of $ 1.55 billion over the past 24 hours.
This wave of forced sales in the first place affected the long positions, erasing 1.37 billion dollars, while the short pants represent 176.4 million dollars. ETHEREUM and SolaNa were also hit strongly, as the ETH qualifiers amounted to $ 297 million and Seoul witnessed 94.4 million dollars in forced exits.
The consecutive effect has left traders scraping as the financing rates remain volatile and the open benefits via the main stock exchanges.
Founding players multiply on bitcoin, amid sale
While retail merchants feel heat, big institutional players continue to collect bitcoin strongly. The strategy recently added $ 2 billion from BTC, receiving 20,356 BTC in one step. This accumulation shows the extent of DIP’s deep investors, which enhances the long -term bullish narration of Bitcoin even amid short -term fluctuations.
Despite the accumulation of companies such as the strategy, ETF data indicates conflicting trends in BTC and ETH investment flows. Bitcoin’s investment funds have seen more than $ 39.03 billion of cumulative flows, but the last days of external flows, including $ 539 million, have been distinguished on February 24.
On the other hand, Ethereum Etfs accumulated $ 3.08 billion, but remains under pressure. These flows indicate that institutional investors are still weighing their exposure to the unspecified market conditions.
In addition to the dynamics of the chaotic market, Citadel Securities is said to enter the encryption space as a market maker for the main exchanges, which may help stabilize liquidity in the long run. However, the immediate impact of the severe volatility led to an increase in the exchange of liquidation, as BYBIT led the package for $ 660 million, followed by Binance at $ 327 million and OKX at $ 189 million.
Despite the turmoil, these liquidity suppliers will play a major role in determining the speed that the market can recover from this recession.
Funding rates and open interest: signs of stress in the market
Funding rates It turned into a negative for several origins, which reflects the feelings of the roller. Bitcoin’s financing rate decreased to 0.0111 %, while Ethereum and Solana showed similar declines, indicating that traders are setting their positions on hedging against the additional downside. During, Open attention The data revealed a 4.47 % decrease in BTC futures contracts, indicating a wave of liquidation that eliminated excessive merchants.
Institutional accumulation continues, but retail traders are still at risk due to heavy positioning. ETF flows, financing rates and open benefits will be major indicators to watch them as the market tries to find a balance in the face of continuous fluctuations.
