Global Stock News

Examining if DEXE will remain decoupled from bearish crypto market

Examining if DEXE will remain decoupled from bearish crypto market

The last few days have been tough for the crypto market. Since Sunday, the 21st of June, a cumulative figure of around $3.3 billion worth of leveraged positions has been liquidated.

Source: CoinGlass

Tuesday, the 23rd of June, saw the biggest volume of liquidations, with nearly $787 million longs wiped out across the market. Even so, the magnitude of the liquidations wasn’t as large as the ones that came earlier in the month.

Understandably, the Crypto Fear and Greed Index sat at a miserable 17. Amidst this chaos, DeXe [$DEXE] was one of the few altcoins that presented a bullish long-term picture.

DeXe prices rallied while most crypto assets faced pain

In a recent report, AMBCrypto noted that whale accumulation and network activity…

Source link

Share this article

Scroll to Top