While the FOMC meeting scheduled for this week is getting closer, the cryptography market is quite usually retained its breath in anticipation of the reduction of the Fed reserve will indeed reduce interest rates.
While the wait is suspended in the air, an astounding quantity of cryptographic liquidations was carried out during the last day.
Liquidation imbalance strikes of $ 194 million
The analyst @Tedpillows has published an article on the X social media platform, sharing data on the most recent liquidations on the cryptography market. He has published a screenshot of a thermal card showing red on the entire cryptography market (which means short -liquidated short positions) and summarizing the total value of long and short liquidated positions as $ 50,000,000.
“This is only the beginning,” he said, warning that traders should not trust the “false pumps” this week because he thinks that the global market trend is currently going down.Rinsing“>
However, it seems that at the time of the publication, this data has changed, or perhaps Ted accidentally put three additional zeros, which transformed billions into billions. Cacheglass shows that now 54.57 million dollars are the amount of liquidations carried out in the last 12 hours. As for the 24 hours, this figure has doubled and now includes $ 194.68 million – $ 142.15 million long and $ 52.52 million in shorts.
The FOMC meeting is starting today and ends tomorrow, the expected interest in interest rates being reduced by 25 base points. However, President Donald Trump recently declared that the Fed reserve should make a much deeper and more important cut.
