A total of $798 million in crypto positions has been liquidated over the past four hours, including $718.5 million in long positions.
This story was originally published by The Block.
TLDR: At press time, Bitcoin traded at $68,106.83, down 7.31% in 24 hours and 9.93% over the past seven days. $622M in crypto liquidations hit exchanges in four hours, including $549M from long…
About 70% of the bitcoin treasury firm’s coins are pledged to the exchange, bought at roughly $118,000 each, and bitcoin now trades under $69,000.
Bitcoin fell below $70,000 as crypto sentiment hit its lowest level in more than four months, with analysts warning of institutional outflows, thinning liquidity and elevated leverage.
Bitcoin has dipped below $69,000, reaching its lowest level in three months. At the time of writing Bitcoin has witnessed a sharp selloff of more than 7% over the past two days. The broader crypto…
Recent rapid redemptions explain the market swoon. Bitcoin's spot price fell below $70,000 on Friday, the lowest since August.
A deal could be announced as soon as December, putting $2.1 billion of bitcoin under one roof, a sliver of what the combined group would be worth.
