Tag Archives: liquidations

Bitcoin Hits 7-Week Low As $540-M In Trades Wiped Out

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Bitcoin fell to its lowest levels since July 8 after Wall Street opened on Friday, with prices sliding and traders scrambling to reassess short-term plans. According to CoinGlass, 24-hour crypto liquidations neared $540 million as selling pressure intensified on major exchanges. Whales And Exchange Distribution Pressure Based on reports from market watchers, heavy selling by… Continue reading Bitcoin Hits 7-Week Low As $540-M In Trades Wiped Out→

Bitcoin Futures Liquidation Forms Local Price Bottom — A Return To $65,000 Inevitable?

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The price of Bitcoin hasn’t quite started the month as widely expected, falling to around the $60,000 mark on Thursday, October 3rd. This bearish pressure is believed to have been triggered by the escalating tension in the Middle East after Iran fired missiles into Israel. However, the premier cryptocurrency seems to be making a turnaround… Continue reading Bitcoin Futures Liquidation Forms Local Price Bottom — A Return To $65,000 Inevitable?→