Close Menu
    X (Twitter)
    Blockchain Journal
    • News
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • NFT
      • DeFi News
      • Polkadot News
      • Chainlink News
      • Ripple News
      • Cardano News
      • EOS News
      • Litecoin News
      • Monero News
      • Stellar News
      • Tron News
      • Press Releases
      • Opinion
      • Sponsored
    • Price Analisys
    • Learn Crypto
    • Contact
    • bandera
    Facebook X (Twitter) Instagram
    Blockchain Journal
    Home » Analyst Predicts Bear Storm In Crypto Market

    Analyst Predicts Bear Storm In Crypto Market

    0
    By adewale on October 26, 2022 Market, News
    btc
    Share
    Facebook Twitter LinkedIn Pinterest Email

    A CryptoQuant analyst pointed out that despite the recent price increases, the cryptocurrency market may be ready for another bear storm. This prediction is based on short liquidation data from the futures market, which is at a 15-month high.

    Short Liquidations on the highest level in 15 months
    by @JA_Maartun

    Check👇https://t.co/mudU0XX7Qn

    — CryptoQuant.com (@cryptoquant_com) October 26, 2022

    J.A. Maartunn, writing in a QuickTake on the cryptocurrency market intelligence platform, stated that the most recent liquidations data suggests that bulls have a lot of work ahead of them if the most recent crypto rally is going to be sustained.

    He observed that around the time the stock markets in the United States opened for trading, short positions in cryptocurrencies began to roll over. As a result of the approximately 320 million dollars worth of quick liquidations that have been recorded so far, today is a significant trading day.

    For this reason, he added that it is essential that bulls have enough strength to keep the price of Bitcoin (BTC) above $20,000 and turn the price level into support. 

    When the monthly period comes to a close in a few days, the analyst’s perspective on the topic will be of the utmost relevance, so they must share it.

    Crypto Market Rally Still Yet To Abate

    Although the analyst is preparing for a bear storm if the recent rally is not maintained, prices in the cryptocurrency market have continued to rise. The market’s total value surpassed $1 trillion in capitalization.

    Analyst expects a bear storm to follow recent crypto rally if price gains are not sustained as liquidations hit a 15-month high.

    In addition to Bitcoin (BTC), Ether (ETH) has also been appreciating, contributing to the massive liquidation of short positions. As reported, ETH made a vast ascent to an intraday high of $1,512, thereby shaking out over $105 million worth of short positions.

    BTC Crypto market ETH Featured Market
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    adewale
    • LinkedIn

    Having a demonstrated track record in offering marketing solutions and assisting the team in translating corporate strategy into efforts that generate engagement, profitability, and success, I am super prepared to extend my service to all interesting blockchain projects. Every day, I want to make a difference and leave a lasting beneficial impact on my community and the world at large. This I accomplish by assisting Blockchain brands and organizations in developing the best content for effective marketing that connects and converts prospects to customers.

    Related Posts

    Generative AI reshapes work amid no large-scale layoffs yet

    September 26, 20252 Mins Read

    Eric Trump says stablecoins will “save” the US dollar as WLFI mints USD 205 million

    September 26, 20253 Mins Read

    Avalanche (AVAX) drops 7.1% and pulls index down

    September 26, 20252 Mins Read

    Strong Altcoin Accumulation: Whales Bet on AVNT, POPCAT, and TROLL Post-Listing

    September 26, 20253 Mins Read

    Hypervault Finance Collapses After Alleged $3.6 Million Rug Pull Sent to Tornado Cash

    September 26, 20252 Mins Read

    Kraken Secures $500 Million in New Funding Round, Boosting Its Total Valuation

    September 26, 20252 Mins Read

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Blockchain Journal

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.