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Crypto market sees $295 million in liquidations across exchanges over past 24 hours
Crypto market sees $295 million in liquidations across exchanges over past 24 hours

The cryptocurrency market saw over $295 million in liquidations across centralized exchanges, with around $259 million in long positions.Bitcoin long liquidations reached nearly $77 million in the past 24 hours as the price fell below $58,000.

The Block·2024/07/04 12:01
Flash
  • 12:07
    Data: Over 410,000 New Users Daily on Base Chain in the Past 30 Days
    Data shows that in the past 30 days, the Base network had approximately 412,000 new or active addresses daily.
  • 12:07
    Opinion: Ethereum Chips Concentrated in the $1540-1630 Range, Breakthrough Will Form Trend
    On April 18, according to analyst @ali_charts, ETH is currently trading between two major supply areas: $1,540 and $1,630. A breakthrough on either side could determine the next move.
  • 12:01
    Matrixport: Little Possibility for Overall Altcoin Surge
    On April 18, the latest Matrix on Target weekly report pointed out that since the US launched the Ethereum spot ETF, Ethereum's dominance has decreased by nearly 50%. The report states that over the past year, various altcoin narratives have emerged rapidly and disappeared just as quickly, all displaying a "sharp rise followed by a crash" pyramid price structure.   The analysis suggests that Bitcoin may remain in the $80,000 to $90,000 range in the short term, while the probability of a large-scale altcoin surge is low unless three liquidity catalysts occur: dovish signals from the Federal Reserve, growth in stablecoins, or an increase in macro liquidity. The report also points out that, unlike past bear markets, the regulatory risk for Bitcoin has significantly decreased, explaining why its performance during the current adjustment period is better than in previous ones.
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