The bears had the upper hand in today’s trading session as markets are red across the board. Bitcoin’s price dipped to $55,600, causing a serious number of liquidated long positions.
Bitcoin’s price took a turn for the worst today and declined from an intraday high of around $58,600 to a low of $55,600, losing $3,000 from its dollar value.
At the time of this writing, the price hovers indecisively around $56,000.
BTC/USD. Source: TradingView
The entire cryptocurrency market followed BTC’s near 10% daily decrease. Ethereum plunged to $1,930, down 8% in 24 hours.
Binance coin also retraced after it marked a new all-time high above $410 and currently sits at around $360 for 5% daily drop.
The same is true for other large-cap cryptocurrencies such as ADA, DOT, UNI, LTC, LINK, and so forth.
This market-wide pullback caused a massive number of liquidated positions where bears stood victorious.
At press time, data reveals around $1.8 billion in liquidated long positions over the pa
Źródło: https://cryptopotato.com/1-8-billion-longs-liquidated-in-a-day-as-bitcoin-price-dips-below-56k/
