Cryptocurrencies: 2936 / Markets: 20760 Market Cap: 24h Vol:
CryptoSlate
2020-02-26 14:43:26

Why the Bitcoin price just dropped below $9k in steep reversal, liquidating $83 million in longs

The Bitcoin price just dropped below the $9,000 level, hitting $8,964 on BitMEX. The sentiment around the cryptocurrency market noticeably declined after BTC rejected the $10,000 resistance level three times in a span of 15 days. What’s triggering the trend reversal? Within a span of minutes, BitMEX recorded around $83 million worth of long liquidations […]The post Why the Bitcoin price just dropped below $9k in steep reversal, liquidating $83 million in longs appeared first on CryptoSlate.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer