The cryptocurrency market saw significant liquidations last week, and the Crypto Week Ahead flags more caution.
The cryptocurrency market experienced significant liquidation volumes in the past week as prices fluctuated. Short traders, in particular, bore the brunt of these liquidations, asNotably, over $418 million of these liquidations came from short positions, suggesting that many traders betting on price declines were caught off guard by recent price increases.In contrast, the previous week saw a higher volume of long liquidations, totaling around $276 million.
As we enter the current week, there’s been a noticeable uptick in long liquidations, signaling potential challenges for those betting on further price increases.
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