The price of the first cryptocurrency, rising a day ago to $ 109 thousand, turned around. Investors changed the mood from positive to neutral and consider the possibility of further falling, reports RBC Crypto.
Bitcoin (BTC) fell to $ 103.8 thousand. In the morning of June 17, the coin rose to $ 109 thousand, but later the price of the first cryptocurrency again turned to the marks, to which it collapsed on June 13 amid the conflict of Israel and Iran.
Bitcoin optists show that traders are insured from falling prices to a level of $ 100 thousand in conditions of growing geopolitical and economic uncertainty in world financial markets.
On the largest crypto floodplain for trading deribit, the volume of trading in the offices (instruments that allow you to fix the price of the sale of an asset) doubled the volume of transactions with calls. According to the site, the Put/Call ratio reached 2.17 per day, and the maximum interest came for short contracts with the execution of June 20.
The largest number of open positions are against options that insure from falling to $ 100 thousand. Analysts associate such demand with the growth of geopolitical and macroeconomic uncertainty. At the same time, traders do not necessarily expect a fall, but hedge risks against the background of instability
At 19:00 Moscow time, the price of bitcoin ranges about $ 104.4 thousand. BTC capitalization is $ 2.08 trillion, the market share is 64.97%, according to TradingView.
Ethereum (ETH) is traded about $ 2.5 thousand. In the last week, the host Altcoin fell in price by 12%, while Bitcoin – by 4.5%.
Other cryptocurrencies from the TOP-10 on capitalization also showed a small decline. Cardano (ADA) fell stronger than the rest, it fell in price by 3.2%.
The total capitalization of the cryptorrhist per day decreased by 0.6%, to $ 3.26 trillion. From the top 100 cryptocurrencies over the past day, the Aerodrome Finance (Aero) token, it increased in price by 13%. More than others over the past 24 hours, it has fallen in the price of Story (IP), by 17%.
Against the background of fluctuations in prices over the past 24 hours, crypto -tanks eliminated the positions of 140 thousand traders totaling about $ 383 million, according to Coinglass. Of these, Bitcoin accounted for $ 86 million, $ 115 million on Ethereum.
Liquidation occurs when the price moves against the position of a trader with a credit shoulder and the exchange forcibly closes it at a loss due to a lack of collateral. For example, if the trader opened Long by $ 1000 with 10x shoulder, actually using $ 100 of his own funds, and occupying $ 900 at the exchange, then a decline in bitcoin by 10% will lead to a decrease in the cost of a position to $ 900. The exchange automatically eliminates the deal to return borrowed funds, and the trader will lose all its capital if he did not have additional funds to maintain a position.
The fear of fear and greed in the cryptornka fell by 16 points, from 68 to 52 points out of 100. This is a neutral zone – the indicator drop indicates that investors have reduced interest in buying cryptocurrencies, and became more prone to their sales.
Experts believe that with the simultaneous deterioration of the situation in the Middle East, tightening the US Federal Reserve Policy and pulling out the US and China trading war in the crypto, a negative scenario can be realized: investors can go into the dollar and state -owners, and Bitcoin will cease to be perceived as “digital gold” and will become a speculative asset, from which they will begin to get rid of.
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Source: Cryptocurrency
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