The encryption qualifiers exceed 900 million dollars after the Jackson Hall chair speech at the Federal Reserve star-news.press/wp

The encryption qualifiers amounted to 940 million dollars, as Bitcoin slipped for a short period of less than $ 109,000. This group liquidation comes just a few days after the market witnessed gains in the wake of the Federal Reserve Jackson Hole speech.

according to Data From Coinglass, the majority of the encryption qualifiers were long situations. Which constitutes $ 826.51 million out of a total of $ 941 million from references.

When Bitcoin (BTC) briefly decreased below the threshold of $ 110,000, Bitcoin sites formed the second largest part of the filters on the blackboard. Based on a 24 -hour heat map, the Bitcoin qualifiers amounted to 277.21 million dollars or nearly 30 % of the total encryption.

This wave comes from the filter just a few days after the Dovish signal late in the week from Federal Reserve Chairman Jerome Powell, who raised $ 594 million to the encryption market. However, the noise appears to be short -term as BTC has decreased from $ 110,000.

On August 22, in Jackson Hall, Federal Reserve Chairman Jerome Powell hinted for discounts in potential interest rates as he stated that there is a high level of uncertainty that makes it difficult for policy makers.

This step has sparked great gains in the encryption market, as Bitcoin rose to the highest weekly level of $ 116,960 as it touched approximately $ 117,000. However, the victory has finished very soon that BTC was transferred to a range of $ 109,000.

What can the high encryption qualifiers for the market?

The encryption qualifications of up to $ 941 million can indicate extreme volatility and excessive trading by merchants in the wider encryption market. Given that the liquidation is operated by price fluctuations that close long and short sites, such a widespread survey indicates the imbalance between the upscale and vulnerable feelings, while accelerating the successive qualifiers of the descending step.

This is evident through the roof of the public encryption market loss 200 billion dollars or about 2.2 % of the maximum market. On August 26, the ceiling of the encryption market fell out of a height of $ 4 trillion and up to $ 3.8 trillion. Meanwhile, Bitcoin has not yet recovered from her fall from grace; It is unstable suspended at the edge of $ 110,000, where it is currently trading at $ 110,250.

ETHEREUM (ETH) slightly better despite a decrease of 4.9 % as it remains within a range of $ 4400 at a value of $ 4,429.