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via Cointelegraph · By Cointelegraph Staff
Over $600M in Bitcoin Longs Liquidated As BTC Price Nears $60K
BTC
BTC/USDT
$63,072.42
+0.03%
$63,072.42
+0.03%
(24s)24h Volume
$2,298,688,146.95
24h H/L
$63,175.00 / $62,920.00
Change: $255.00 (0.41%)
Long/Short
68.0%
Long: 68.0%Short: 32.0%
Funding Rate
+0.0005%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(08:19 AM UTC)
1 min read
Bitcoin’s (BTC) brief plunge toward the $60,000 area triggered more than $600 million in long liquidations, raising doubts over whether the latest rebound marks a real bottom or only a relief bounce after a leverage flush.
BTC price may rebound toward $70,000 next
BTC fell to roughly $61,300 on Thursday before recovering 5.52% to around $64,690, with the rebound coinciding with reports that Israel…
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