Bitcoin has fallen roughly 9% since November 11, reaching a low of $67,449 before trading around $68,000. The decline came with $1.65 billion in liquidations over 24 hours, including $1.46 billion in long positions and $183 million in short positions. The move was driven by a $5.7 billion drop in futures CVD, while spot-market CVD fell by $438 million. CoinGlass reports that 187,171 traders were liquidated, with Bitcoin accounting for $918.6 million in liquidations, 95.4% of which came from long positions. The RSI is approaching 30, while the $64,000 level is the closest technical support, where the August rally began.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
