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Jun 30 • 6 tweets • 3 min read
On June 13, the #crypto market suffered over $1 Billion in liquidations over 24 hours.

In the month of June so far, #Bitcoin suffered a drawdown of over 43% 🔻

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According to data from Coinglass, a staggering $343 million in $BTC longs were liquidated across the top 8 derivatives exchanges on June 13 — sending $BTC tumbling from $27k to under $23k in a day.

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#Bitcoin has a large number of liquidation points clustered between $7,500 and $12,500.

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$BTC broke the major $20K support level and even went below the previous all-time-high (ATH) reached in the last bull market in 2017, hitting a low of $17.7K on June 19, 2022.

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#CoinMarketCap Research examines the impact & major players affected by a slew of margin calls and liquidations that have rocked an over-leveraged crypto ecosystem in recent weeks.

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coinmarketcap.com/alexandria/art…
When do you think the #crypto King will make its way back to its prime time? 👀

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More from @CoinMarketCap

CoinMarketCap Profile picture
Jul 2
In the last half a decade, dozens of countries have announced plans to launch a #CBDC of their own.

Indeed, according to @AtlanticCouncil, a staggering 105 countries are now exploring CBDCs, including 19 countries in the G20.

<1/8> Image
Out of the G7 economies, the UK and the US are the furthest behind in terms of CBDC development, whereas a total of 10 countries worldwide have already launched their CBDC (including the Bahamas, Jamaica, Nigeria, and several countries in the Caribbean.)

<2/8>
With the potential to improve financial inclusion, reduce counterfeiting, cut down cross-border transaction fees and times, and improve transparency in the money supply, CBDCs could demonstrate the viability of blockchain technology for major financial use cases.

<3/8>
Read 8 tweets
CoinMarketCap Profile picture
Jul 1
How did Margin Calls affect the market in recent weeks? 👀

#Ethereum lost over 53% of its value, seeing $219 Million in long liquidations that same day, and collapsed from $1440 to $1200.🔻

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For #Ethereum, failure to defend the $900 and $700 price points could result in major liquidations across popular #DeFi lending protocols.

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Dive into #CoinMarketCap's research on Liquidation Cascades in Bear Markets, with an analysis of how margin calls and liquidations have affected major players in the recent weeks. 👇

<3/4>

coinmarketcap.com/alexandria/art…
Read 4 tweets
CoinMarketCap Profile picture
May 30
What type of #crypto trader are you? 👇
Day traders are the most devoted to the trade.

They are mostly involved in the market during the most active hours. In most cases, they make a living out of crypto trading.
Position traders are the swing traders but are more in-depth.

They study the market before investing with a mind for long-term gain. They don't follow the market trends and charts as the others do.
Read 8 tweets
CoinMarketCap Profile picture
Mar 18
(1/15)

In the race to produce cheaper, more efficient smart contract platforms have launched in the last few years.

Many of which promised incredibly cheap transaction fees — but how have they actually held up?

Let’s dive in with @CMCAlexandria! 🔥

coinmarketcap.com/alexandria/art… Image
(2/15)

Still the most active EVM-compatible chain by number of daily transactions, @BNBCHAIN has seen its average transaction fee shrink over the last year — falling from $0.36 to $0.3.

This makes it the second-most expensive EVM chain by average tx fee, behind Avalanche.
(3/15)

It is still the most popular by on-chain activity, processing more transactions each day than Avalanche, Fantom, and Polygon combined, at over 5M transactions per day.
Read 15 tweets
CoinMarketCap Profile picture
Mar 17
(1/8)

@apecoin has taken the web 3 world by storm! ⚡️

What Is ApeCoin? Features, Tokenomics and Price Prediction 🎉

@CMCAlexandria takes a deep dive into APE, the primary token of the Ape Ecosystem. ⤵️
coinmarketcap.com/alexandria/art…
(2/8)

The APE Foundation announced on March 16, 2022, the launch of ApeCoin token.

Governed by the ApeCoin DAO, ApeCoin is a token for culture, gaming and commerce that the community owns and can build on.

The APE Foundation is the steward of ApeCoin.
(3/8)

In the ApeCoin DAO, each token holder will have a stake in the organization’s development.

A selection of Web3 veterans, as well as gaming and technology thought leaders, will serve as the #DAO’s special council (the Board).
Read 8 tweets
CoinMarketCap Profile picture
Feb 14
Something is coming!? (Countdown: 1/7)

#BigBang #Gravity #Newton #Blackhole #Genesis Image
Why are we joining (Twitter, Facebook, Telegram, Discord, Medium, 6th-Dimension, etc) in order to follow one Token's news? (Countdown: 2/7)

#Absurd #Clutter #Mess Image
Getting bored talking to Non-Crypto people (Countdown: 3/7)

#HODL #BTFD #Shill #Rekt #FUD #Whale #WhenLambo #DYOR Image
Read 7 tweets

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