Bitcoin is trapped on a “liquidation treadmill” where risky positions are being systematically hunted
Bitcoin’s recent price action had a familiar signature: leverage built on the bounce, funding turned supportive for longs, then the market ran the nearest pockets of fragility until forced selling took over. BTC bouncing up and down in the $80,000 range is a result of futures positioning. Data showed roughly $794 million in Bitcoin long […]
The post Bitcoin is trapped on a “liquidation treadmill” where risky positions are being systematically hunted appeared first on CryptoSlate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ECB Governing Council member Villeroy: I see no reason for the ECB to raise interest rates at present.
Vital Block and Ispolink Forge Strategic Partnership to Elevate Web3 Security and Talent Acquisition
Trending news
MoreCrypto prices
More
