$672M liquidated as Bitcoin dips to $81K, then rebounds
Bitcoin briefly fell to about $81K before bouncing back near $82.8K. Over 24 hours, $672M was liquidated, and $586M of it was long positions.
Altcoins took the hardest hit: $BOME fell over 30%, while $ENA and $NEAR each dropped more than 13%. The 10-year US Treasury yield also stayed above 5%, adding pressure on risk assets.
Longs got squeezed, so leverage is the risk to watch. Today's Fed speeches and CPI tomorrow could keep volatility high.
Are you reducing leverage before CPI?
#bitcoin #Liquidations #CryptoNews #BinanceSquare
Bitcoin briefly fell to about $81K before bouncing back near $82.8K. Over 24 hours, $672M was liquidated, and $586M of it was long positions.
Altcoins took the hardest hit: $BOME fell over 30%, while $ENA and $NEAR each dropped more than 13%. The 10-year US Treasury yield also stayed above 5%, adding pressure on risk assets.
Longs got squeezed, so leverage is the risk to watch. Today's Fed speeches and CPI tomorrow could keep volatility high.
Are you reducing leverage before CPI?
#bitcoin #Liquidations #CryptoNews #BinanceSquare