Bitcoin just fell 4.24% in roughly four hours to $77,386, and the move hit traders betting on a rise almost exclusively. Half of that slide came in the last hour, at -2.01%.
Our streams recorded $76.2M of leveraged long positions forced closed in the past 60 minutes, against $727.7K of shorts. That is a recorded floor, not the whole market. Over 24 hours $BTC is down 4.83%.
Funding reads about 0% per interval, so neither side is paying much to keep its positions open after the drop.
Our streams recorded $76.2M of leveraged long positions forced closed in the past 60 minutes, against $727.7K of shorts. That is a recorded floor, not the whole market. Over 24 hours $BTC is down 4.83%.
Funding reads about 0% per interval, so neither side is paying much to keep its positions open after the drop.
