#TradeNTell #Bitcoin 's Decline Continues: Under $40,000 Seen - What's Driving the Bleeding? What About Liquidations?

Looking at the general picture, it was noted that the $BTC price decreased by approximately 5% in the last 24 hours.

The situation is no different on the altcoin side, and many altcoins experienced declines at rates similar to Bitcoin.

Grayscale's #gbtc product now has 563,000 BTC after the sell-off, compared to 613,000 BTC before the spot ETF.#TradeNTell

On the liquidation side, with the recent declines, a total of 65 million dollars of liquidation took place in the cryptocurrency market in the last hour. Of these, $63 million was in long positions and $2 million was in short positions. #cryptoniteuae #TradeNTell