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via Decrypt · By Decrypt Editorial
As BTC Tests $62,000, How Low Can Bitcoin Go?
BTC
BTC/USDT
$62,642.32
-2.08%
$62,642.32
-2.08%
(24s)24h Volume
$18,810,772,158.18
24h H/L
$64,445.19 / $62,272.07
Change: $2,173.12 (3.49%)
Long/Short
66.3%
Long: 66.3%Short: 33.8%
Funding Rate
-0.0003%
Shorts pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(01:06 PM UTC)
1 min read
1068 views
0 commentsIn brief
- Bitcoin fell 17% from just under $74,000 Monday to an intraday low of $61,556 Thursday, triggering $4.47 billion in total crypto liquidations over the period.
- Data from derivatives and options markets show weak demand and increased downside protection bets.
- Analysts see potential for another leg lower into the $50,000s, with a bottom possible in three to six months.
Bitcoin continued to…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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