$270M in Longs Liquidated as Pre-Halving Hype Backfires
Yesterday’s sudden crash saw the price of Bitcoin (BTC) fall 14% from roughly $9,450 to $8,101 in less than 15 minutes. This appears to have shaken out over-exuberant margin traders who longed near $10,000 on heavy margin.According to market data aggregator, Cryptometer, over $295 million worth liquidations occurred on BitMEX
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