On the weekend, it came to the liquidation of Long positions on the BTC. In this environment, the price fell again to around 8,000 USD.
On Saturday, the price of Bitcoin fell 15 %. So he pulled on the stock exchange BitMEX liquidation by Long positions in the order of more than 260 million US dollars.
Only a day before the re Bitcoin Halving the number of the liquid to put formatted Long positions on the stock exchange BitMEX on 10.05.2020 significantly to a total volume of 295 Million USD.
Although there were liquidations of Short positions, the developments can, however, clearly on the Long positions back. The data provider crypto meters quantifies the proportion of the XBT/USD Longs to 96 % and the total value with more than 266 million USD. The Short positions have brought it in the house of BitMEX in the currency pair XBT/USD Pair to only 11.3 million US, which represents a share of 4%.
The XRP-liquidations on BitMEX reached yesterday, a level of 12.3 million USD, in the case of Ethereum (ETH) was a value of a total of 6.5 million USD. Margin Calls were in a frame of 4.1 % and 2.2% of the liquidations of Long positions in connection with BitMEX contracts. In the case of the reported Short positions XRP and ETH accounted for in the liquidated positions only 0.02% and 0.22%.
In the past 24 hours, the Total liquidations brought it to around 90 million USD, with the share of Long positions over 63 million USD (70 %) and the share of Short positions 26 million USD (equivalent to approximately 30%). The open interest in BitMEXs XBT/USD brings it to a total of the equivalent of 484 million US dollars. Here is the Liquidation for Longs is currently at almost 1 million USD (99 %) and 10.3.000 USD (1 %) Shorts in the Shorts.
The open-ended XBT/USD contract is in the 8-hour rhythm for the financing of, and payment for, for investors, the upcoming payout for 15:00 (UTC + 3) is provided.
BTC-Longs under $ 10,000 massive losses
The Bitcoin slump in the price range of 8,100 US dollars moved in with the Longs massive BitMEX-activities – and is the only 24 hour prior to the “longed-for” Halving.
On the 08.05.200 of the Bitcoin reached a price of $ 10,000 USD, and now he recorded a Minus of almost 15 % – from well-9.800 USD, the price falls to of 8,100 USD. The Minus signs within a manageable time window of only a quarter of an hour, and with a lot of pressure.
The crypto-spot prices fell is also because of the “bulls” managed to keep in the descent of the various support levels.
Nevertheless, the 24-hour analysis with a view on the Intraday trade is positive. The price moves to the brand of 8,700 USD. For private investors, this meant despite the hope of a rise in the crypto-currency over USD 10,000 in losses of up to 15 %.
Analysts assign the liquidation priority of Long positions. These positions aim to entrainment of the expected Halving hype and associated price increases. The threshold of USD 10,000, as well as the lock, Touch the end of the upward trend, but could make sure not a permanent return to five-digit rates. It came instead to a reversal of the Bitcoin price, the market sentiment has been shaken, in spite of the Halvings at times.
Optimists would formulate it differently: Since its low point at 3,800 USD on 12. March 2020 the Plus of Bitcoins amounts to 150 %.
