$194 Million Liquidation Imbalance Hits Crypto Market Ahead of FOMC Meeting — TradingView News
As the FOMC meeting scheduled for this week is drawing closer, the crypto market is, quite habitually, holding its breath in anticipation of whether or not the Fed Reserve will indeed cut the interest rates.
As the waiting is hanging in the air, a staggering amount of crypto liquidations have been made over the past day.
$194 million liquidation imbalance strikes
Analyst @TedPillows published a post on the X social media platform, sharing data about the most recent liquidations in the crypto market. He published a screenshot of a heat map showing red all over the crypto market (meaning short positions liquidated) and summing up the total worth of liquidated long and short positions as mind-blowing $50,000,000,000.
“This is just the…
