Over $500 million in long positions were liquidated within 24 hours as the crypto market faced a significant correction. Bitcoin fell 2%, testing around $115,000, while XRP dropped below $3.00. Ethereum fared better, indicating underlying strength despite the overall market dip.
Bitcoin’s RSI is neutral, implying no clear trend direction, while Ethereum’s high ADX indicates robust bullish momentum. XRP’s indicators show weakness, struggling to maintain above $3.00, leading to a cautious sentiment among traders.
Despite the corrections, traders remain generally optimistic about the market. However, caution signals from the charts imply that traders should prepare for possible further volatility as the market adjusts.
Leave a Reply