Just 24 hours ago, the encryption market looked like a prosperous place after days, if not weeks, from uncertainty. Even the famous Fear & Greed index returned it to the position of greed and reached a reading of 44. However, it seems that all optimism from the beginning of the week has been erased.
Ironically, the basic procedures for the most encrypted currencies in the period are reviewed, it seems that Bitcoin (BTC) lost 2 % at the peak of the fall, and it is irony that Dogecoin (DOGE) has decreased by 4.2 %, the third largest digital assets, XRP, re -3.78 % of its price to the market.
Of course, the fact that the price has increased with impressive margins yesterday has turned the ups of most of the market participants on its head, and the market always punishes those who get greed or come to the party.
This time there was no exception, according to CoinglassApproximately $ 300 million of positions in permanent future receptors have been filtered 24 hours a day. Most of them? Long situations, of course – 56 % to be accurate.
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Although the most surprising number-after several billion dollars in recent months, let’s face it, this is not painful-the reaction to the prices of most digital assets, including the “three adults” mentioned above, is very eloquent.
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While what is the next for encryption is still inaccurate, there is one certain thing: the market remains thin. This is evident from the fact that no money was not liquidated, simply because there was not much to start with it, and the fact that the decline was still severe, as many purchasing power was not used to stop the sale.
