via CryptoSlate · By CryptoSlate Editorial
Bitcoin’s $10 billion liquidation wave reveals why the AI boom is hurting crypto
BTC/USDT
$9,962,812,338.40
$63,999.00 / $62,436.59
Change: $1,562.41 (2.50%)
+0.0042%
Longs pay
Bitcoin’s drop toward $60,000 last week exposed how quickly a shift in investor appetite can turn into forced selling when leverage has been rebuilt beneath the surface of the crypto market.
The largest cryptocurrency by market value fell nearly 14% last week, triggering almost $10 billion in liquidations of long futures as traders who had bet on higher prices were pushed out of the market.
Bitcoin…
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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