Cryptocurrency analytics platform Alphractal has released a new assessment of short-term liquidity levels for leading cryptocurrencies. The platform notes clear differences in investor behavior, particularly between Bitcoin and altcoins. Bitcoin (BTC) As Bitcoin surpassed the $120,000 level, open interest volume surged, triggering a significant short liquidation pool. This movement led to over $27 million in short position liquidations in the last 24 hours. Alphractal noted that many investors reached their stop-loss levels during this period. Ethereum (ETH) On the Ethereum side, it's been reported that there's been a significant accumulation of long positions over the past three days. This, according to analysts, leaves ETH vulnerable to increased long liquidation risk throughout the day. Despite this, overall positioning remains long. BNB Analysis of BNB indicated that initially, there were intense short positions, but investor sentiment gradually shifted to long positions. According to analysts: Above $780: Short position intensity is high. Below $740: Bulls may face pressure. XRP XRP stands out as one of the altcoins with a high short-term long accumulation. This has led to price weakness. Alphactal stated that bulls could face further losses if the price falls below $3.4. *This is not investment advice. Continue Reading: Analysis Company Publishes Latest Analysis on Bitcoin (BTC), Ethereum (ETH), BNB, and XRP Prices – Here’s What You Need to Know
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