Today there has been frantic volatility in Bitcoin, and both sides have suffered heavy losses.
Bitcoin surged by $1,700 after the PCE index fell to its lowest level in six months, triggering the liquidation of $60 million in short positions in just 15 minutes.
Then, BTC dropped by $2,200 to $83,800 within an hour, liquidating $56 million in long positions.
Today marks Bitcoin's monthly candle close, so a volatile battle between bulls and bears is expected. bnb
Bitcoin surged by $1,700 after the PCE index fell to its lowest level in six months, triggering the liquidation of $60 million in short positions in just 15 minutes.
Then, BTC dropped by $2,200 to $83,800 within an hour, liquidating $56 million in long positions.
Today marks Bitcoin's monthly candle close, so a volatile battle between bulls and bears is expected. bnb
