Crypto liquidations pass $700M as altcoins take a hit from Bitcoin sinking below $40K

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Is that the end of $40,000 support? Liquidations mount as Bitcoin fails to reclaim psychological support.

Circling $39,000 at the time of writing, traders were reeling from the sudden downside, which came just as BTC had hit multi-day highs, passing $43,000.across trading platforms were thus predictably significant. For Bitcoin and altcoins combined, 24-hour position unraveling totaled $725 million, with BTC positions accounting for $292 million.

The vast majority of the casualties were long positions, a sign that the area around $40,000 had attracted considerable faith as a solid support line.As Cointelegraph reported, Friday’s options expiry, involving the open interest of nearly $600 million, was

 

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After the peak you must find new low. It will go on this for some time, up/down but will het 15k. Ethereum around 600-800. After that we will grow again.

I'm sure it won't last long and I believe this is the last chance to spend usdt on bitcoin below 40K

I think it's a matter of time, a little bit more and Bitcoin will restore all its inherent and even more?

btc is also needs support i support it, buying it on bitfinex

I'm just waiting and do nothing. My Ownr wallet portfolio would still grow later

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