Overview
Cryptocurrency exchanges forcibly liquidated $403.6 million worth of leveraged crypto long positions in one hour.
Bitcoin fell from around $85,500 to below $84,000 as exchanges liquidated long positions.
Opinions are divided on whether the flush, equivalent to 0.27% of open interest, can be considered a reset.
Read the original article by Darryn Pollock on jp.beincrypto.com: “Bitcoin Drop Triggers Over $400 Million in Long Liquidations: Market Correction or Warning?”
Cryptocurrency exchanges forcibly liquidated $403.6 million worth of leveraged crypto long positions in one hour.
Bitcoin fell from around $85,500 to below $84,000 as exchanges liquidated long positions.
Opinions are divided on whether the flush, equivalent to 0.27% of open interest, can be considered a reset.
Read the original article by Darryn Pollock on jp.beincrypto.com: “Bitcoin Drop Triggers Over $400 Million in Long Liquidations: Market Correction or Warning?”