Major virtual assets are on the rise.
As of 12:48 PM on the 25th, based on Bithumb, Bitcoin (BTC) rose 0.84% from the previous day to 13,521,700 won. Ethereum (ETH) rose 1.11% to 4,648,000 won, Solana (SOL) rose 1.93% to 348,200 won, Binance Coin (BNB) rose 1.22% to 911,000 won, and Ripple (XRP) rose 2.75% to 1,940 won.
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The international market is also on the rise.
At the same time, on CoinMarketCap, BTC recorded $97,906.26, up 0.43% from the previous day. ETH rose 1.84% to $3,366.54, SOL rose 2.33% to $252.30, BNB rose 0.08% to $657.82, and XRP rose 5.05% to $1.4.
The total market capitalization of virtual assets increased by 1.09% from the previous day to about $4.64 trillion (about 648.3 trillion won). The Crypto Fear and Greed Index of the virtual asset data company Alternative.me rose 2 points from the previous day to 82 points, indicating an 'extreme greed' state.
After failing to break through $100,000, BTC fell slightly, resulting in the largest weekend virtual asset liquidation in the past 6 months.
According to CoinTelegraph on the 25th, based on CoinGlass data, $470 million worth of virtual asset positions were liquidated in the last 24 hours. The long position liquidation amount was $352.6 million, and the short position liquidation amount was $119.9 million. Most of the liquidations occurred in altcoin positions.
Looking at the liquidation volume by virtual asset, the total liquidation of BTC and ETH was $108.9 million, the largest. This was followed by Dogecoin (DOGE) at $33.1 million, XRP at $27.6 million, and Stellar Lumens (XLM) at $21.6 million.
CoinTelegraph analyzed that "this large-scale liquidation is related to the unexpected strength of altcoins over the past two days of the 23rd and 24th." Miles Deutscher, a virtual asset analyst, explained that "investors who have recently opened their virtual asset wallets in the current bull market are reinvesting in tokens they are familiar with."
- Reporter Hae-yeon Kang
- haeyeon41@rni.kr
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