Menu Laterale Completo
🇮🇹 ITA 🇬🇧 ENG
× 📱 DOWNLOAD APP OUR SERVICE

🟠BITCOIN PRICE COLLAPSE LIQUIDATES POSITIONS

🟠BITCOIN PRICE COLLAPSE LIQUIDATES POSITIONS

Day: 08 | Time: 16:44:41 The recent collapse in the price of Bitcoin has resulted in a significant number of long positions being liquidated, according to a CryptoQuant analyst. This has caused substantial financial losses for investors who had bet on the price of Bitcoin increasing. Despite the negative impact, the analyst warns that it may take a long time to recover from these liquidations. They advise investors to adopt a more conservative and cautious approach given the current market volatility.

8ee5195b81a42114123fd41e708fbeb8f0ebd6fd.webp

The recent plunge in Bitcoin’s (BTC) price has had a devastating impact on long position holders. The sudden fall in BTC price last week triggered the largest liquidation event in over a year, according to a CryptoQuant analyst. The dramatic decline has caused significant financial losses for investors who had bet on Bitcoin’s price rise.

Market crush triggers massive long liquidations

“The recent $BTC price plunge has been devastating for long position holders. As you can see, the size of the long liquidation is by far the largest for the last year.” – By @marketmakercopy

Link 👇https://t.co/xFKl5iyOrC pic.twitter.com/UNhebMTND3— CryptoQuant.com (@cryptoquant_com) July 8, 2024

CryptoQuant Analyst Warns of Prolonged Recovery Period After Massive BTC Liquidations

The analyst noted that the recent BTC price plunge has been devastating for long position holders, with the size of the long liquidation being the largest in the past year. The long squeeze, which forces investors to sell off their long positions at a loss, has also been significant.

Despite the severe impact of the market crash, the analyst warned against expecting an immediate rebound in Bitcoin’s price. Historical data suggests that it can take several months for the market to recover from such significant liquidations. The analyst pointed out that it took a couple of months, from August to October in 2023, before the price started to bounce back.

Analyst Recommends Cautious Investment Approach Amid Volatile Market Conditions

Given the current market conditions, the CryptoQuant analyst advised investors to adopt a more conservative approach, recommending that they invest with the mindset of being less greedy and more cautious for the time being.

The market remains highly volatile, and while past trends provide some insight, caution and prudent investment strategies are essential in navigating the current crypto landscape.