Bitcoin plummeted below $85,000 today, but the $600 million liquidation figure hides a much scarier macro catalyst

Bitcoin slipped below $85,000 overnight, triggering nearly $600 million in liquidated long positions across crypto markets within 24 hours as expectations mounted that the Bank of Japan will hike interest rates this week. As of press time, Bitcoin traded at $85,694.96.

Source: Read the original article