Sunday, December 10, 2023

Bitcoin Dips 5% to Below $36K as Crypto Rally Runs Into Wall, Liquidating $340M in 2 Days



As has been a well-recognized pattern in the course of the upswing over the previous six weeks, a wave of promote orders was possible sitting near a spherical quantity. When bitcoin approached $38,000, the promote orders took over, sending the worth decrease. That, in flip, triggered liquidations of leveraged lengthy positions, sending the worth hurtling additional downward.

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