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    1. coinfeeds-bot on

      tldr; Bitcoin experienced a sudden price spike to $90,000 before retreating to $87,000, leading to $148 million in liquidations within an hour. Both long and short positions were affected, with $109 million in short positions and $38 million in longs liquidated. The volatility impacted broader market sentiment, causing a 1% decline in the total crypto market as major tokens followed Bitcoin’s drop.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. People must be really running out of stuff to write/post about.

      “BTC went up!”

      “BTC went back down again!”

      BTC prices change all the time. It’s a volatile asset. This is not news.

    3. How did longs get liquidated if it returned to the price it was at an hour before? Or did someone bet on the price within the hour? Multiple people with $30+ million in longs?

    4. This is why we need to look beyond short-term volatility and long-term trends. Long term oscillators and momentums clearly show that the market is still in a downward trend.

    5. Back in the day bitcoin was decentralised, now completely manipulated by institutions

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