Bitcoin Sees $280M in Long Liquidations Just Two Days into August
full version at dailycoin
Bitcoin's sudden plunge has shattered market confidence. Millions have been wiped out as leverage traders are caught in the storm. Sellers have dominated as Bitcoin battles for stability. Bitcoin's price has taken a dramatic turn in the opening days of August, sending shockwaves through the cryptocurrency market. Following a strong close to July, the world's largest digital asset experienced a sharp decline, triggering a wave of liquidations that wiped out hundreds of millions of dollars in leveraged positions. Data from Coinglass reveals the staggering scale of these losses, with over $280 million in Bitcoin positions liquidated on the first
Continue reading on DailyCoin.
