Bitcoin is repeating the previous price behavior of BTC, suggests an analysis, as the return of Coinbase Premium joins positive ETF flows for a cryptocurrency market rally.
Coinbase Premium rally follows USD 700M liquidation
Data from Cointelegraph Markets Pro and TradingView showed that BTC price volatility cooled after a new round of losses.
These had triggered a wave of long position liquidations in cryptocurrencies worth over USD 700 million in the 24 hours prior to the writing of this article, according to data from CoinGlass.
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