{"id":183113,"date":"2023-10-29T07:30:09","date_gmt":"2023-10-29T02:00:09","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=183113"},"modified":"2023-10-29T07:30:09","modified_gmt":"2023-10-29T02:00:09","slug":"bitcoin-long-liquidations-climb-is-rising-sell-pressure-the-reason-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-long-liquidations-climb-is-rising-sell-pressure-the-reason-crypto-news\/","title":{"rendered":"Bitcoin long liquidations climb &#8211; Is rising sell pressure the reason? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<br style=\"clear: both;float: none\" \/><\/p>\n<ul>\n<li style=\"font-weight: 400\"><i><span style=\"font-weight: 400\">In the last 24 hours, BTC long liquidations exceeded short liquidations.<\/span><\/i><\/li>\n<li style=\"font-weight: 400\"><i><span style=\"font-weight: 400\">On the spot market, the bulls remain in control.<\/span><\/i><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/btc\" data-wpel-link=\"internal\">Bitcoin [BTC]<\/a> long liquidations have exceeded short liquidations in the last 24 hours, according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/LiquidationData\" data-wpel-link=\"external\">CoinGlass<\/a>. The data provider said long liquidations totaled $20 million, while the value of short liquidations was below $10 million.\u00a0<\/span><\/p>\n<div id=\"attachment_354440\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-28-at-08.45.58.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-354440\" class=\"wp-image-354440 size-full\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-28-at-08.45.58.png\" alt=\"\" width=\"2560\" height=\"635\" \/><\/a><\/p>\n<p id=\"caption-attachment-354440\" class=\"wp-caption-text\">Source: Coinglass<\/p>\n<\/div>\n<hr \/>\n<p style=\"text-align: center\">Read\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/predictions\/bitcoin-price-prediction\" data-wpel-link=\"internal\">Bitcoin\u2019s [BTC] Price Prediction<\/a>\u00a02023-24<\/p>\n<hr \/>\n<p><span style=\"font-weight: 400\">Generally, long liquidations tend to be more than short liquidations when an asset\u2019s price declines and futures market participants are forced to close their long positions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to data from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/\" data-wpel-link=\"external\">CoinMarketCap<\/a>, the leading coin\u2019s price has slipped by almost 1% in the last 24 hours, while trading volume has dropped by 18% during the same period. This suggested that while the coin\u2019s price remains at a multi-month high, profit-taking activity was gaining momentum.<\/span><\/p>\n<h4><b>BTC printing profit for most holders<\/b><\/h4>\n<p><span style=\"font-weight: 400\">Data sourced from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/app.santiment.net\/charts\/FoSzIDuW__sCl\" data-wpel-link=\"external\">Santiment<\/a> put BTC\u2019s market value to realized value ratio (MVRV) at 68.96% at press time, its highest level since March 2022.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">An asset\u2019s MVRV ratio tracks the ratio between the asset\u2019s current market price and the average price of every coin or token of that asset acquired. A positive MVRV ratio above one signals that an asset is overvalued.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Conversely, a negative MVRV value shows that the asset in question is undervalued, and if holders sold at the asset\u2019s current price, they would realize losses.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Sitting above 65%, BTC\u2019s MVRV ratio suggested that if all holders sold at the coin\u2019s current market value of $34,064, they would, on average, realize around 70% profit.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Likewise, the coin\u2019s daily ratio of on-chain transaction volume in profit to loss touched its second-highest level this year on 23 October. This went as high as 3.56%, meaning that for every BTC transaction that ended in a loss, 3.56 transactions returned a profit.\u00a0<\/span><\/p>\n<div id=\"attachment_354441\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Bitcoin-BTC-08.47.22-28-Oct-2023.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-354441\" class=\"wp-image-354441 size-full\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"\" width=\"2560\" height=\"867\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Bitcoin-BTC-08.47.22-28-Oct-2023.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Bitcoin-BTC-08.47.22-28-Oct-2023-300x102.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Bitcoin-BTC-08.47.22-28-Oct-2023-1024x347.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Bitcoin-BTC-08.47.22-28-Oct-2023-768x260.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Bitcoin-BTC-08.47.22-28-Oct-2023-1536x520.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Bitcoin-BTC-08.47.22-28-Oct-2023-2048x693.png 2048w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Bitcoin-BTC-08.47.22-28-Oct-2023.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-354441\" class=\"wp-image-354441 size-full\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Bitcoin-BTC-08.47.22-28-Oct-2023.png\" alt=\"\" width=\"2560\" height=\"867\" \/><\/a><\/p>\n<p id=\"caption-attachment-354441\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<p><span style=\"font-weight: 400\">Although profit-taking activity has begun to gain traction, the spot market remains significantly marked by bullish sentiments. According to Directional Movement Index (DMI), BTC bulls were in control of the daily market at press time.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center\">Is your portfolio green? Check the\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/bitcoin-profit-calculator\" data-wpel-link=\"internal\">BTC Profit Calculator<\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400\">This indicator is used to measure the strength and direction of a trend in a market. With the positive directional indicator (green) at 41.33 resting solidly above the negative directional indicator (red) at 5.97, the buyers in the market have more strength than the sellers. <\/span><\/p>\n<p><span style=\"font-weight: 400\">At 50.43 and in an uptrend, the coin\u2019s Average Directional Index showed that the bears will find it challenging to regain market control. An ADX value above 25 is usually interpreted as an indication of a strengthening trend.\u00a0<\/span><\/p>\n<div id=\"attachment_354438\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/BTCUSD_2023-10-28_08-43-18.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-354438\" class=\"wp-image-354438 size-full\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"\" width=\"2560\" height=\"1158\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/BTCUSD_2023-10-28_08-43-18.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/BTCUSD_2023-10-28_08-43-18-300x136.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/BTCUSD_2023-10-28_08-43-18-1024x463.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/BTCUSD_2023-10-28_08-43-18-768x347.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/BTCUSD_2023-10-28_08-43-18-1536x695.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/BTCUSD_2023-10-28_08-43-18-2048x927.png 2048w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/BTCUSD_2023-10-28_08-43-18.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-354438\" class=\"wp-image-354438 size-full\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/BTCUSD_2023-10-28_08-43-18.png\" alt=\"\" width=\"2560\" height=\"1158\" \/><\/a><\/p>\n<p id=\"caption-attachment-354438\" class=\"wp-caption-text\">Source: BTC\/USD, TradingView<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In the last 24 hours, BTC long liquidations exceeded short liquidations. On the spot market, the bulls remain in control. Bitcoin [BTC] long liquidations have exceeded short liquidations in the last 24 hours, according to CoinGlass. The data provider said long liquidations totaled $20 million, while the value of short liquidations was below $10 million.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":183114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-183113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=183113"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183113\/revisions"}],"predecessor-version":[{"id":183116,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183113\/revisions\/183116"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/183114"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=183113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=183113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=183113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}