$500M in crypto futures liquidated as Bitcoin dips below $34K: What happens next?
January 17, 2021
Crypto Nanobot
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Roughly $500 million worth of cryptocurrency futures positions were liquidated in the past 24 hours. The mass liquidation of positions happened before the price of Bitcoin (BTC) dipped below $34,000 on Jan. 17. Bitcoin total liquidations. Source: Bybt.com Why were so many positions liquidated? Overnight, the price of Bitcoin rose by 6.7% from $35,500 to […]
