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via CryptoSlate · By CryptoSlate Editorial
Bitcoin’s plunge to $65,000 has traders paying to protect against a fall to $50,000
BTC
BTC/USDT
$80,000.00
+0.54%
$80,000.00
+0.54%
(24s)24h Volume
$6,374,753,133.82
24h H/L
$80,200.00 / $79,442.00
Change: $758.00 (0.95%)
Long/Short
53.1%
Long: 53.1%Short: 46.9%
Funding Rate
-0.0005%
Shorts pay
Data provided by COINOTAG DATALive data
CE
CryptoSlate Editorial(09:42 AM UTC)
1 min read
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…
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