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Over 110,000 traders have been liquidated in the past 24 hours, and roughly $182 million has been wiped out. Bitcoin is facing resistance at $98,800, where the 20-day EMA is currently resting.
Over 110,000 traders have been settled in the past 24 hours, clearing out roughly $182 million. Bitcoin is facing resistance at $98,800, where the 20-day EMA is currently resting. AI tokens AI16Z and Ark have skyrocketed significantly in the past day amid a massive whale purchase.
Bitcoin, the market-leading digital currency
BTC
$87 017
24-hour volatility:
0.3%
Market Cap:
$1.73 t
Vol. 24H:
$24.38 b
lost its $97,000 price level after a 1.15% price fall in the last 24 hours. The Bulls tried to outperform the resistance at $100,000, but the Bears reduced the price action to $96,000. Amid this uncertainty, more than 110,923 traders have been settled on the past day.
According to Coinglass dataa significant $182.34 million has been wiped out of the digital asset space in the last 24 hours. This includes a $1561 million long pair and a $77.01 million shorts. The largest liquidation event of $1.97 million occurred at BTCUSDT pair’s leading exchange BYBIT. It’s very likely that Bitcoin can retest lower levels before retrying a breakout of over $100,000.
It is important to be aware of the Coinglass liquidation map I’ll check If Bitcoin gets bullish and claims a price level of $99,100, then $1.25 billion BTC shorts will be wiped out of the digital asset space. Recovering the $100,000 price level will result in a short liquidation worth $1.8 billion in Bitcoin.
The 20-day Exponential Moving Average (EMA) currently shows massive resistance to Bitcoin’s price action. The 20-day EMA stands at 98,800, and collecting this level in substantial amounts can result in bullish inversion of BTC.
ADA, AI tokens surge in Bitcoin dip
Bitcoin price action remained uncertain, but the Altcoin sector became bullish,
Ada
$0.73
24-hour volatility:
1.0%
Market Cap:
$26.40 b
Vol. 24H:
$703.48 m
A surge of 9.73% over the past 24 hours. At the time of pressing, cryptocurrency is trading at $0.7699 according to CoinMarketCap data. The price surge was the result of digital asset management companies. Grayscale Slow Ada’s name In the Exchange-Traded Fund (ETF) race.
Meanwhile, an artificial intelligence token containing a bittenser
Tao
$271.6
24-hour volatility:
2.4%
Market Cap:
2.32 b
Vol. 24H:
$80.11 m
It rose 5% on the past day, but was once again bullish. Caspa
Kas
$0.0755
24-hour volatility:
0.8%
Market Cap:
$1.95 b
Vol. 24H:
$42.22 m
It also jumped about 5%, and AI rig complex (ARC) has skyrocketed by over 41%, and AI16Z
ai16z
$0.19
24-hour volatility:
1.7%
Market Cap:
$211.02 m
Vol. 24H:
$50.52 m
He shot nearly 30% in the last 24 hours. The price surges for ARC and AI16Z were the result of the new whale, the 8U6U3. purchase 12511 million arcs and 6,5008 million AI16z tokens.
Destra Network (DSYNC) and Qubic (Qubic) also got bullish, shooting around 7% and 9% respectively. The AI ​​sector’s total market capitalization was monumental at $34.73 billion, but is expected to grow further.
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Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information, but should not be considered financial or investment advice. Market conditions can change quickly, so we recommend that you review your information yourself and consult with an expert before making a decision based on this content.
A crypto journalist with over five years of experience in the industry, Perth has worked with leading media outlets in the Crypto and Finance world, gathering experience and expertise in this field after surviving the bear and bull market for many years. Perth is also the author of four self-published books.
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