Bitcoinist
2020-07-28 01:05:02

The Cost of Bitcoin Surging 15% in 24 Hours: $500 Million in Liquidations

Bitcoin has seen explosive price action over recent days. As of this article’s writing, the asset trades for $11,200 — more than 10% higher than it was 24 hours ago. The recent price action was expected by many market commentators. Though, data suggests that there were also many Bitcoin traders liquidated, suggesting they weren’t expecting the asset to move so fast. Data suggests that there was over $500 million worth of Bitcoin leveraged positions (both […]

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