The Bitcoin price just dropped by more than four percent within one hour—from $9,224 to $8,851—after 52 hours of ranging with low volatility and volume.
The sudden drop led to the liquidation of $19.25 million on BitMEX and $1.5 million on Bitfinex based on statistics from Datamish dot com, causing a sizable long squeeze in a short period of time.
Get an Edge on the Crypto Asset Market
As the crypto market is constantly changing, CryptoSlate Edge is a yearly membership oriented to helping you become a more knowledgeable investor and better decision-maker.
Here's what's included in your membership:
Be the first to read the most compelling stories high-level insights.
Private Discord Community
Communicate directly with our journalists in our private Discord.
We hide all advertisements for a clean and fast user experience.