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Over the past 24 hours, $356 million worth of positions were forcibly closed on the crypto market's futures, and almost 60% of them were longs. Bitcoin dropped from $81,700 to $79,800 during the Asian session on Thursday, cutting short a two-day rebound.
The South Korean KOSPI index gained 6.6% on Wednesday, October 28, following a report from memory chip maker SK Hynix: operating profit grew sevenfold, and the company announced it would return another $45 billion to shareholders.
Over the past 24 hours, leveraged positions worth $951.4 million were liquidated on the crypto market, with $876.3 million coming from longs. Bitcoin dropped to $80,764, while Ethereum lost more than 6%.
Bitcoin fell from $84,200 to $81,382 over the day, losing about 2.8%, while total liquidations on the crypto market reached $771 million. By the morning of October 13, BTC had recovered above $83,000.
Today, October 8, from 14:30 to 15:30 MSK, three important macro events come out in a row: the ECB protocols, a speech by Bank of England Governor Andrew Bailey and weekly US jobless claims. In one hour-long window, the euro, pound and dollar will be under reaction.
