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via CryptoSlate · By CryptoSlate Editorial
Bitcoin crashed and flushed leverage out, but is the bottom here yet?
BTC
BTC/USDT
$79,600.01
-1.80%
$79,600.01
-1.80%
(24s)24h Volume
$17,289,860,452.55
24h H/L
$81,423.03 / $78,660.00
Change: $2,763.03 (3.51%)
Long/Short
52.6%
Long: 52.6%Short: 47.4%
Funding Rate
-0.0014%
Shorts pay
Data provided by COINOTAG DATALive data
CE
CryptoSlate Editorial(09:16 AM UTC)
1 min read
Bitcoin just tested an intraday low of $61,349, triggered roughly $1.76 billion in liquidations with long positions absorbing more than $1.5 billion of that total, and then bounced toward the mid-$63,000s.
Funding rates flipped deeply negative, open interest reset sharply, and the Crypto Fear & Greed Index fell to 12, a level in extreme fear territory.
That is a meaningful amount of technical…
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