via BeInCrypto · By BeInCrypto Editorial
It Was All There: High Leverage and a Rare BTC Sale Behind the June Crypto Crash
BTC/USDT
$26,082,961,061.06
$64,700.00 / $61,306.84
Change: $3,393.16 (5.53%)
+0.0048%
Longs pay
The crypto market fell nearly 7% in 24 hours into June 3, with Bitcoin briefly breaking below $66,000 and around $1.8 billion in positions wiped out.
The drop looked sudden, but the on-chain data had been flashing for days. Leverage sat at October-crash levels, funding ran hot, and a rare Strategy Bitcoin sale was the spark.
The Leverage Was Already at October-Crash Levels
Before the drop, the…
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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