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Gate Research: Altcoins See Major Pullback, Over $1.6 Billion in Long Positions Liquidated
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Gate Research: Altcoins See Major Pullback, Over $1.6 Billion in Long Positions Liquidated

Gate Research Daily Report: BTC price has been fluctuating in recent days, with a 3.29% drop in the past 24 hours, as both bulls and bears fiercely compete. Altcoins saw broad declines, with Layer2, DeFi, and meme sectors falling by more than 10%. The total liquidation amount across the network reached $1.79 billion, with long positions accounting for $1.62 billion. Russian lawmakers have proposed the creation of a national Bitcoin reserve to counter economic sanctions. Last week, digital asset investment products recorded a net inflow of $3.85 billion, setting a record for the largest single-week inflow in history. Bitcoin lending platform Lava raised $10 million in Series A funding. Magic Eden will begin airdrop claims on December 10.
12/10/2024, 2:50:16 PM

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Your Gateway to Crypto World, Subscribe to Gate for A New Perspective