Nearly equal losses across long and short positions showed traders were wrong-footed as crypto prices swung violently within hours.
Bitcoin swings trigger rare split liquidation as longs and shorts both get hit
Nearly equal losses across long and short positions showed traders were wrong-footed as crypto prices swung violently within hours.
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Even with the pullback, bitcoin continues to make higher lows, a positive technical development.
Token retreats from $3.02 resistance in a volatile August 28–29 session as distribution pressure meets fresh accumulation at $2.85–$2.86 support.
Traders are watching the $2.31–$2.35 support zone and $2.47 resistance for signs of market direction.
Tether plans to seek licensing for the stablecoin under the U.A.E. Central Bank's Payment Token Services Regulation.