JUST IN: More than $900 million in leveraged bitcoin positions were liquidated in the past 24 hours as BTC dipped below $70,000. About 95% of it came from traders betting on higher prices, according to CoinGlass. 👀
Across all of crypto, $1.64 billion was wiped out from more than 185,000 traders. With so much excess leverage cleared and funding now negative, shorts are paying longs, which has set the stage for squeezes in the past 🚀
Across all of crypto, $1.64 billion was wiped out from more than 185,000 traders. With so much excess leverage cleared and funding now negative, shorts are paying longs, which has set the stage for squeezes in the past 🚀
