Glassnode: This morning, the market pumped a large amount of liquidations at the beginning, injecting new momentum into the rising trend.

According to Mars Finance, on September 29, Glassnode posted on social media that during the weekend, the Bitcoin futures market accumulated a massive amount of short positions in the range of $110,000 to $111,000. The rise in the market this morning forced these concentrated short positions to be liquidated, clearing the original positions in the market reset process and injecting new momentum into the upward trend.

BTC3.09%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)