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via Decrypt · By Decrypt Editorial
As BTC Tests $62,000, How Low Can Bitcoin Go?
BTC
BTC/USDT
$72,734.28
+4.38%
$72,734.28
+4.38%
(24s)24h Volume
$32,857,279,857.71
24h H/L
$73,110.70 / $68,902.22
Change: $4,208.48 (6.11%)
Long/Short
51.2%
Long: 51.2%Short: 48.8%
Funding Rate
+0.0005%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(01:06 PM UTC)
1 min read
In 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…
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