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Bitcoinist 2020-06-03 23:00:26

Analyst: Bitcoin’s Mass $220m Liquidation Spree is Fundamentally Positive for BTC

Bitcoin saw an immense decline yesterday that was sparked by its latest push into the $10,000 region This decline caused the cryptocurrency’s traders to have nearly $100 million in long positions liquidated This massive torrent of liquidations came about less than 12-hours after the crypto’s rally to highs of $10,500 liquidated over $120 million in short positions Bitcoin has seen immense turbulence as of late, providing dangerous market conditions for active traders looking to cash […]

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