Bitcoin Beat Down Below $60K, $360M In Liquidations
Portfolio Pulse from Murtuza Merchant
Bitcoin experienced a sharp decline, falling below $60,000, its lowest point since May. This drop led to $360 million in liquidations, with $148 million in Bitcoin longs. The largest single liquidation event was on Binance, involving a BTC/USDT position worth $15.36 million.
June 24, 2024 | 8:01 pm
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Bitcoin's price fell below $60,000, leading to significant market liquidations. This indicates a bearish sentiment and could result in further volatility.
The sharp decline in Bitcoin's price below a key psychological level has triggered significant liquidations, indicating a bearish market sentiment. This could lead to further price volatility in the short term.
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