Bitcoin's Dip Below $63K Wipes Out $2.5B in Longs: When Will the Rout End?
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Several leveraged traders have been wrecked in Bitcoin's recent dip. Bitcoin has continued to fall despite a dovish Fed. Analysts have weighed on whether the rout is likely to continue. This week has been tough for crypto community members as crypto assets are back in the red following a short-lived weekend rally in a rout led by Bitcoin. As the market decline intensifies, several traders have been caught in the fall. Bitcoin Leveraged Traders Get Wrecked Several leveraged long traders have been wrecked in Bitcoin's recent fall. According to CoinGlass data shared by prominent crypto analyst Ali Martinez, over
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