In the last 24 hours, 63,000 trader positions have been closed, and $324 Million in shorts over the crypto market have been liquidated.

You can see the data here at coinglass.com

The majority of the crypto market has seen boosts of close to 9% gains on average with sentiment seemingly returning to positive status after an apparent scare by a new mutation of COVID called the "Omicron" variant.. (We just gonna name these transformers now?)

BTC is heading fast towards the $60,000 resistance level once again, with ETH likely to test the $4,500 level, with most major large caps also trying to break past levels since our last dip since almost everything hit new ATH's.

The company Microstrategy has also announced today that they have purchased an additional 7,002 BTC worth just over $414 Million dollars at an average purchase price of just near $59,000 dollars. They may be one portion of some of the recent upward movements we've seen, or possibly now that month end Options have closed, the max pain level (around $58,000) doesn't pull so much pressure around that level anymore.

Global legacy markets seem chaotic with no one sure what to make of the different rumors about what could happen in the short term future. Evergrande is still somehow hanging on in China barring itself from a complete collapse, but personally I doubt they will make it past Q2 of 2022 without fully defaulting (I wouldn't suggest buying a house right now lol.) The US FED continues to spread info that the inflation we're seeing (The most since roughly 1970) is now not transitory but "normal and healthy" which I don't know about you guys but that sounds incredibly scary to me.

Have a good Monday everyone!