For months crypto currency His investors were tired of fake rises and constant decreases, and he came that day. The price of BTC has just reached $ 116,868, the record level of all time. When this first rise started, it was the first target of experts and there is 125 thousand dollars in order. Tonight there is a big Short Squeeze in crypto currencies.
Why do crypto coins rise?
BTC The increase in the price was so fast that Altcoins follow him. There is a process different from previous rise. The subcoins are not crushed, but they are experiencing a process similar to those at the end of last year. Eth Finally, it has exceeded the $ 2,850 threshold and now targets the $ 3,060 to $ 3,520.
The ongoing closing over 112 thousand dollars means the continuation of the rally for BTC. Since June, whale wallets added 800 thousand BTC. However, investors who are still waiting for the continuation of the decline have seen every rise as an opportunity to sell for months. Now, with the jams of the suspension positions, forced to liquidate, Short Squeeze is experienced and the rise of BTC is accelerating.
If this excitement continues a little further Short Squeeze It is possible to trigger. In this case, Altcoins will live larger winning series. Only the last 1 hour of the short liquidations exceeded $ 560 million. The 24 -hour liquidation is at the limit of $ 1 billion and the real figure is thought to be higher. Almost all of the liquidations according to Coings data are Short positions.
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.
