Every investment and all trading involves risk, so you should always perform your own research prior to making decisions.
As data from CoinGlass suggests, $200 million worth of orders on various cryptocurrencies were liquidated as Bitcoin and other coins and tokens faced increased volatility.
Reportedly, $75 million worth of long orders were deleted from the market, which signals that traders were massively opening long positions right after Bitcoin touched $40,000.
Since February, Bitcoin has shown no volatile movements on the market, failing to break through the channel or show any significant moves within recent months.
Previously, U.Today highlighted the performance of AAVE, which gained 55% to its value despite underperforming such cryptocurrencies as Ethereum.
Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future.