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Bitcoin and Ethereum tokens witness long position liquidations as prices dip

By December 12, 20232 minute read

The concern among liquidations for Bitcoin looms as $66.29M gets liquidated in the last 24 hours, out of which $46.58M are long liquidations. The 10 day moving averages mirror the sentiment from the previous day signalling a β€˜Sell’. According to CryptoSlate’s Liquidity Sensitivity Index, the LSI calculated for the previous day is at $16.44 million.Β 

The Exponential Moving Average for 10-day EMA indicates β€œSell” at 42102 and 200-day EMA indicates β€œBuy” at 31442. The Simple Moving Average for 10-day SMA indicates β€œSell” at 42786 and 200-day SMA indicates β€œBuy” at 30407.

The Ichimoku Base Line, valued at 40190, continues to be neutral. The Hull Moving Average indicates β€œSell” at 42300. The Volume Weighted Moving Average indicates β€œBuy” at 40520. 

The Relative Strength Index (14) sits at 59, indicating β€œNeutral”. The Stochastic %K (14, 3, 3) at 68 and the Average Directional Index (14) at 48 indicate a Neutral outlook. 

The MACD Level (12, 26), at 1791, indicates β€œSell”. The Stochastic RSI Fast (3, 3, 14, 14) at 26 indicates β€˜Neutral’ and William’s Percentage at -40 indicates β€˜Neutral’.

As of 10:00 AM, 12th December 2023, on WazirX, Bitcoin’s price is β‚Ή36,71,799, with a 1.96% increase in the last 24 hours. There was a 3.15% decrease in its price over the last 7 days.

Ethereum (ETH) is trading at β‚Ή1,95,000. There was a increase of 1.02% in the last 24 hours. There was a 3.94% decrease in its price over the last 7 days.

The top gainers on WazirX include Mdex(MDX), Amp(AMP), Injective Protocol(INJ) with price increases of 25.27%, 21.31%, and 19.53%, respectively.

However, the tokens that underperformed comprised Golem(GLM), SKALE Network(SKL), and Ontology (ONT), with a price decrease of 10.49%, 9.82%, and 7.59%, respectively.

Shiba Inu (SHIB) saw a price decrease of 1.74% and is now priced at β‚Ή0.000845. Dogecoin (DOGE) saw a decrease of 2.47% and is now priced at β‚Ή8.42.

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