The data show that the reflection in Bitcoins and other cryptocurrencies punished bears, causing a mass wave of tiny liquidation.

The cryptographic sector was a witness to a mass liquidation event

According to the data with KinglasA vast amount of liquidation on the cryptocurrency derivative derivative market. “Liquidation” refers to a sturdy closure, through which each open contract must go through if its losses exceed the threshold specified by its platform.

Below is a table that shows numbers related to the latest liquidation on the market.

As shown, the cryptocurrency sector noted defecation of derivatives worth over half a billion dollars during the last day. Of these, 73.7% of liquidation, equivalent to $ 371 million, came from tiny investors.

Compact weighty mass liquidation appeared when Bitcoin and the company affected the message about the suspension of weapons between Israel and Iran. Earlier, US strikes at Iranian nuclear facilities caused an accident on the market, which eventually released a long liquidation. This time it seems that the bears were those that caught.

As usual, Bitcoin and Ethereum were at the top of the liquidation list, but interestingly, the latter (168 million dollars) managed to overcome the first ($ 153 million), which is usually not the case.

Ethereum observing a larger number of liquidation can be reduced to the fact that its price has resulted in a larger jump over the last day (7% vs 3.5%). It can also be an indication of an increased level of speculative interest in cryptocurrency.

From the Altcoins Solana and XRP were at the top of the charts with $ 29 million and $ 13 million, respectively. Although these numbers clearly are quite petite compared to the numbers of the two best titans, showing the difference in the captain.

In some other messages, the Bitcoin Buy volume shot the Bybit cryptocurrency exchange, as the analyst noted in speedy cryptochants post.

The chart displays data of the Bitcoin purchase coefficient. This record measures the ratio between buying Takeer and Takeer selling volume for a given platform. Here, the involved stock exchange is Bybit.

It seems that the indicator has recently seen an acute jump above 1 year, a sign that the long volume began to ahead of the tiny. According to the quantity, the spikes in the Bybit metrics often preceded the enhance in BTC price.

BTC price

After recovering in the last 24 hours, Bitcoin has returned to the sign 105 100 USD.