Bitcoin Bulls Crushed: Sub-$70,000 Crash Flushes $428M In Longs
Data shows bullish bets related to Bitcoin have suffered a massive amount of liquidations as the asset’s price has plunged below the $70,000 mark. Bitcoin Falls Below $70,000 For The First Time Since April Following up on the bearish tone set during the second half of May, Bitcoin has opened June with another drawdown as its price has slipped under $70,000 for the first time since April 7th. Related Reading: XRP Sees Biggest Exchange Inflow Of 2026—Shortly Before Even Larger Outflows Below is a chart that shows how the latest bearish action has looked for the cryptocurrency. Over the....
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Data shows the crypto derivatives market has suffered another large blow in the past day as the retrace in Bitcoin and others has squeezed longs. Crypto Sector Has Just Seen $700 Million In Liquidations On Friday, Bitcoin and other digital assets were shook by a sharp crash, resulting in a record amount of liquidations in […]
Bitcoin short positions at Bitfinex soared as BTC price dropped below $40,000, so why did the majority of them close before the largest part of the correction? Bitcoin price is still in a rut, trading near $33,000 and trapped in a downtrend that just seems to get worse with the passing of each day. As the price slumps, analysts have consulted with several technical and on-chain metrics to explain the price collapse, but none of these have picked up on the exact reason. One area of interest has been the sharp rise in short positions at Bitfinex in the past week. Traders are placing....
Last week's rout in bitcoin market looks like "weak hands" selling out because bidders appeared to materialize whenever prices fell to $30K.
Bitcoin reclaims support at $44,000, prompting some analysts to suggest closing out longs while looking for a close above $45,000 to signal a bullish trend reversal. The mood across the cryptocurrency ecosystem has shifted to cautious optimism on Feb. 7, as Bitcoin (BTC) bulls managed to bid its price back above support at $44,000 with the help of several positive developments, including the announcement that “Big Four” auditor KPMG has added BTC and Ether (ETH) to its corporate treasury. Data from Cointelegraph Markets Pro and TradingView shows that, after hovering around $42,500 during....
All hell has broken loose in the Bitcoin market! The price of Bitcoin crashed more than 13 percent intraday after bears crushed the bulls following the Bitcoin XT controversy. As of now, short covering has helped lift the price up to $235.66, still off more than 7 percent. With this, all the hard work done by the bulls since June has been undone. In the previous Bitcoin price technical analysis, The Pressure is Simply Too Much, I had clearly stated that if the selling pressure were to increase even slightly, it would lead to a breakdown kind of situation in the cryptocurrency. My short....