150 million USD of liquidations, while Bitcoin is increasing to a new 9-month high near USD 27,000

150 million USD of liquidations, while Bitcoin is increasing to a new 9-month high near USD 27,000

Bitcoin has initiated another upward trend in the last hour or so, which led to a new multi -month high at almost $ 27,000

Most old coins also followed, which led to over $ 150 million was liquidated every day.

• Since the banking crisis worsened last week and expanded to Europe this week, BTC has been on the rise. This led to an increase in value of over $ 6,000 from last Friday, when it fought at $ 20,000 until Tuesday when it rose over $ 26,000.
• Despite the retracements in the next few days, BTC took up his run last night and today. After the cryptocurrency reclaimed $ 26,000 this morning, it continued and was only a few centimeters away from reaching $ 27,000 for the first time since June 2022.
• Since most old coins are good in the green area, it is no surprise that the number of liquidated trades has increased to well over 44,000 and the majority have responded to short positions. The total value of the liquidated positions is more than $ 150 million every day.
• The latest prize jumps took place according to news from the US Federal Reserve, which informed that Silicon Valley Bank, Signature Bank and other banking organizations not mentioned had borrowed $ 300 billion to support some of its recent emissions.