The crypto currency market woke up with an expensive bill after the start of the week. Hard withdrawal from Monday night, Bitcoin $104,470.79‘s weekend of the acceleration extinguished. According to Coings data, in the last 24 hours, more than $ 530 million in long positions caused panic among traders. Major Altcoins also suffered the depreciation of the market thoroughly blurred.
Position liquids and size of losses
Bitcoin futures were the scene of liquidation of about 200 million dollars. Ether products of over $ 170 million in Ether products took place. Investors using leverages are automatically closing positions when their guarantees are insufficient; This mechanism increased the severity of the decline.
Dogcoin 
$0.248627 and CARDANO 
$0.835231 Up to 7 percent decrease, the heaviest blow, solana, XRP and BNB fell between 5–6 percent on average. For those who were caught in the rise of last week, such a quick correction was a surprise. Ethereum 
$2,560.83In the period when the previous week earned 40 percent, the liquidations in the short position exceeded $ 1 billion; In those days, Bitcoin had tested $ 104,000 for a short time.
The sum of the futures open positions on the stock markets decreased by 1.2 billion dollars on Monday. This harsh decline shows that investors have to get out of risky transactions. Instant fluctuations were a major exam for those who are not cautious in capital management.
The effect of macro developments on the market
On Monday, the temporary customs duty agreement between the US and China filed the risk appetite. The statements of both sides to reduce tariffs weakened the risky investment theme that nurtures the rise in recent weeks. The wave of sales observed in the US markets was rapidly reflected in the crypto money market.
Analysts emphasize that macro concerns before the US Federal Reserve (FED) June meeting appeared again. The Fed’s interest policy and messages can directly affect Bitcoin’s chances of exceeding the previous summit. According to BTSE Crypto Exchange Operations Director Jeff Mei, credit conditions and investment appetite will be shaped depending on the FED decision.
Experts, excessive optimism is replaced by moderate expectations can contribute to the market balance, he says. As a matter of fact, the liquidations reminded many investors how high short -term volatility is.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
