Bitcoin Liquidations Vanish As Trader Hopes $30K Will Hit Before Dip

প্লেটো দ্বারা প্রকাশিত

অনুসরণকারী: 0

বিটকয়েন (BTC) drifted lower on March 25 as eerily calm conditions saw liquidations evaporate.

*BTC/USD 1-hour candle chart (Binance). Source: TradingView*

Bitcoin in “slow chop” until Monday

তথ্য থেকে কয়েনটিগ্রাফ মার্কেটস প্রো এবং TradingView followed BTC/USD as it focused on $27,500 at the time of writing.

After losing $28,000 the day prior, weekend trading offered little by way of its usual volatility as traders hoped for a break before resumption of TradFi markets.

“Looking like a slow chop around the CME close price so far,” Daan Crypto Trades লিখেছেন টুইটার মন্তব্যের অংশে।

“Not expecting too much to happen with BTC during the weekend after last week’s volatility.”

Daan Crypto Trades referred to the closing price of CME Group Bitcoin futures markets, a level which could become significant in the event that volatility up or down appears before the start of the new week.

সম্পর্কিত: BTC মূল্য $28K এর উপর কেন্দ্র করে কারণ ডয়েচে ব্যাঙ্কের শেয়ার ক্রেডিট সুইসকে অনুসরণ করে৷

This would have the effect of producing a “gap” in futures market open and close prices, creating a potential target for spot BTC.

*CME Bitcoin ফিউচার 1-দিনের মোমবাতি চার্ট। সূত্র: ট্রেডিংভিউ*

An additional post delineated areas of order book liquidity, which could also act as support and resistance flip levels.

এইগুলো #Bitcoin charts can look messy but it can be useful to mark out the potential liquidity area’s where stop losses may be positioned.

Breaking these levels could cause a little cascade into the next area.

We saw that on the way down already. pic.twitter.com/jM2LGrXnKj

- ডান ক্রিপ্টো ট্রেডস (@ ডানক্রিপ্টো) মার্চ 25, 2023

Fellow trader Crypto Tony conversely hoped that bulls could muster the strength for an attack on $30,000 before a deeper retracement.

“One more push up on declining volume up to $30,000 please,” he টুইট alongside a projection chart.

“I do expect a solid rejection from this area. With all the stuff going on, blasting through with one test just seems very unlikely.”

*BTC/USD টীকাকৃত চার্ট। সূত্র: ক্রিপ্টো টনি/টুইটার*

Liquidations disappear

Liquidation data meanwhile showed the extent of the reduction in volatility on short timeframes, with short and long liquidations for March 25 totaling less than $5 million.

সম্পর্কিত: জাস্টিন সান বনাম এসইসি, ডো কওন গ্রেফতার, 180M প্লেয়ার গেম ট্যাপ বহুভুজ: এশিয়া এক্সপ্রেস

By contrast, March 22 saw Bitcoin liquidate over $120 million of positions, according to statistics from কয়ংগ্লাস.

*বিটকয়েন লিকুইডেশন চার্ট। সূত্র: কয়ংগ্লাস*

Analyzing trader sentiment, trading suite Decentrader eyed what is described as a “pretty simple” long/short ratio increase , with spot price trending down.

বেশ সহজ.#Bitcoin Long Short ratio kept going up.

Price kept going down. https://t.co/scdgLPxo1v pic.twitter.com/OndWvLLgbK

— Decentrader (@decentrader) মার্চ 25, 2023