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Over $350 million in shorts liquidated as crypto market continues rebound from last year's lows

All Cryptocurrencies

by COINS NEWS 64 Views

You can see the real time liquidations at https://www.coinglass.com/LiquidationData

The most of which are combined between ETH and BTC

ETH: $154M BTC: $125M

The crypto market as a whole looks poised to strongly break past what would seem to be the more extreme lows of the last roughly 3 years.

We are approximately 440 days until the next Bitcoin halving, which if we don't experience any massive market shift I don't see how that won't propel the greater crypto market to test new highs over the next 4 years.

Market uncertainty in almost all classical and alternative asset classes still exist, but it doesn't help there's been major negative news regarding exchanges, which most of us are familiar with the most recent FTX complete scam.

Some states in the US are taking different approaches to legislation regarding crypto, but the majority of these laws still have a long way to go before being fully implemented. This is not unlike global national differences which are still massively different depending on where you live.

If we can coast or even gain some price action to the further upside, the long term still looks bright for many of these projects. I don't think we're far from breaking past the recent lows for good.

submitted by /u/shlammyjohnson
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