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$500 million in longs liquidated yesterday as Bitcoin fell $4,000
Bitcoin fell nearly $4,000 in a steep plunge this morning, taking with it the broader crypto market and causing over $500 million in ‘long’ liquidations.
Funding rates were high across the board on Tuesday, leading to some traders commenting on an impending market drop. “Open interest reached an ATH. Let’s do a little bullish shakeout before we go higher,” tweeted Lex Moskovski, CIO of Moskovski Capital.
Open interest reached an ATH.
Let's do a little bullish shakeout before we go higher.
Lex Moskovski
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By CryptoSlateBitcoin fell nearly $4,000 in a steep plunge this morning, taking with it the broader crypto market and causing over $500 million in ‘long’ liquidations.
Funding rates were high across the board on Tuesday, leading to some traders commenting on an impending market drop. “Open interest reached an ATH. Let’s do a little bullish shakeout before we go higher,” tweeted Lex Moskovski, CIO of Moskovski Capital.
Open interest reached an ATH.
Let's do a little bullish shakeout before we go higher.
Lex Moskovski