Bitcoin dives below $27k; almost $100M liquidated Quick Take
- Bitcoin dropped below $27,000, which as a result, saw almost $100 million liquidated in the past hour.
- Coinglass data shows 90% of these liquidations came from longs being liquidated.
- This came after a positive CPI reading that had taken Bitcoin above $28,000 earlier in the day.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
Latest Insights
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.