Are ETH’s leveraged long position liquidations suppressing its potential upside

Ethereum [ETH]’s price action may have delivered a slight upside so far since the end of August. Its price action seems less excited than anticipated especially now that the Merge is less than two weeks away. Is it because of lack of enough buying pressure or is there something more to this performance? Secrets unveiled […]

Long Liquidations Hit $562M in 24 Hours

Yesterday, the market recorded the highest daily number of liquidations since June 13, 2022. Long liquidations reached $562 million in just 24 hours. Most of these losses were in the BTC and ETH markets. However, total long liquidations in other altcoins reached as much as $144 million. The reason is the collapse of Bitcoin’s upward price structure and its sharp decline. BTC price action On the…