Bitcoin has officially entered into a bear market. Indicative of this is the massive crypto market liquidations that have been occurring over the last three days. In the last 24 hours, there has been over $900 million worth of crypto market liquidations according to data from crypto analytics platform Coinglass. Close to 80% of the liquidations resulted from traders in long positions getting wiped out.
Crypto Liquidations in the last 2 hours cross $174 million; is it over for Bitcoin (BTC) bulls?
coingape.com
07 January 2022 10:40, UTC