$60K no longer 📉 Over $320M worth of leveraged positions have been liquidated as Bitcoin falls below the $60K range.
Trading just above the $60K mark earlier in the day, the price of Bitcoin has since fallen by 4.8% to $57,200 as of the time of writing, potentially caused by selling pressure from the German government and the recent activation of Mt.Gox's wallets for repayments.
The second largest cryptocurrency did not fare much better either, as the price of ETH also fell by 4.3% from $3,280 to $3,140.
Of the major cryptocurrencies, TON is the biggest loser of the day, falling by 10.1% from $7.90 to $7.19.
Based on data from CoinGlass, 90% of the liquidations were long positions, where users were betting on prices going up.
The largest single liquidation occurred on the Huobi exchange, where a single trader lost over $10M on a Bitcoin position.
Editor's Note: It's been a while since we've been hit by a correction of this magnitude. In any case, so far, we've yet to see the light at the end of the tunnel, and there's a high probability that we will see more pain in the hours to come. | 
0 Komentar untuk "🦎🚀 When will the carnage end for Bitcoin? 🩸"