Glassnode: This morning the market pumped and liquidated a large number of positions, injecting new momentum into the rising trend.

BlockBeats news, on September 29, Glassnode posted on social media that over 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 dense short positions to be liquidated, clearing the original positions during the market reset and injecting new momentum into the upward trend.

BTC2.52%
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
  • 2
  • Repost
  • Share
Comment
0/400
Ohadbenshimonvip
· 7h ago
wow
Reply0
Remremilvip
· 16h ago
Thank you for the information
View OriginalReply0
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)