via CryptoSlate · By CryptoSlate Editorial
Bitcoin’s plunge to $65,000 has traders paying to protect against a fall to $50,000
BTC/USDT
$26,431,899,823.81
$64,700.00 / $61,306.84
Change: $3,393.16 (5.53%)
+0.0043%
Longs pay
Bitcoin’s aggressive break below $70,000 has shifted the market from a debate over dip-buying to a more defensive question of how far traders now need to insure against the next leg lower.
Data from CryptoSlate showed that the largest cryptocurrency fell to as low as $65,404 over the past day, triggering $1.8 billion in liquidations and wiping out bullish leverage that had built around hopes of a…
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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