PiCK
Bitcoin plunges 4,000 dollars in 2 hours… 400 million dollars of long liquidations occurred within 1 hour
Suehyeon Lee
Summary
- Bitcoin (BTC) fell about 4,000 dollars over approximately 2 hours.
- In the process, about 400 million dollars of leverage long positions were forcibly liquidated within 1 hour.
- It reported that volatility is expanding amid still shallow market liquidity.
Bitcoin (BTC) plunged 4,000 dollars in a single move, triggering large-scale forced liquidations again.
According to the Kobeissi Letter on the 1st (local time), Bitcoin plunged about 4,000 dollars over roughly 2 hours, and about 400 million dollars of leveraged long positions were forcibly liquidated over the past 60 minutes.
Despite the recent rebound, volatility appears to have widened again amid still shallow market liquidity. Meanwhile, Bitcoin is currently trading at 87,162.80 dollars, down 4.1% from the previous day, according to CoinMarketCap.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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