Nearly $115 Million Longs Liquidated As Bitcoin Drops to 7-Month Low,$70,000 Incoming?
BeInCrypto
Over $112 million in Bitcoin long positions were liquidated as BTC fell to a seven-month low ahead of FOMC minutes.Summary
Over the past hour, more than $112 million in long cryptocurrency positions were liquidated as Bitcoin's price dipped below the $90,000 psychological level, reaching a seven-month low. This market movement occurred just before the release of the October FOMC minutes, suggesting traders were de-risking in anticipation. The downturn was not isolated to crypto, as crypto stocks like Coinbase Global and Riot Platforms also registered losses, and broader indices such as the Nasdaq and S&P 500 turned negative.
(Source：BeInCrypto)