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06-03-2024, 12:10 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
Bitcoin Tumbles US$5000 After Hitting Record High; Triggers $1B Crypto Liquidations
Bitcoin hit a fresh all-time high of $69,200 on Tuesday, then tumbled to as low as $59,700 in a violent sell-off.
The correction triggered cascading liquidations, flushing out over $1 billion worth of leveraged derivatives positions across all digital assets, CoinGlass data shows.
...
Read more (https://www.sammyboy.com/threads/bitcoin-dropped-us-5000-triggering-us-1b-crypto-liquidations-and-coinbase-withdrawal-halt.359695/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/bitcoin-dropped-us-5000-triggering-us-1b-crypto-liquidations-and-coinbase-withdrawal-halt.359695/).
Bitcoin Tumbles US$5000 After Hitting Record High; Triggers $1B Crypto Liquidations
Bitcoin hit a fresh all-time high of $69,200 on Tuesday, then tumbled to as low as $59,700 in a violent sell-off.
The correction triggered cascading liquidations, flushing out over $1 billion worth of leveraged derivatives positions across all digital assets, CoinGlass data shows.
...
Read more (https://www.sammyboy.com/threads/bitcoin-dropped-us-5000-triggering-us-1b-crypto-liquidations-and-coinbase-withdrawal-halt.359695/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/bitcoin-dropped-us-5000-triggering-us-1b-crypto-liquidations-and-coinbase-withdrawal-halt.359695/).