Bitcoin undergoes correction and while it should not astonish anyone, the rate of decline has taken the market by surprise. Over the past 24-hours, Bitcoin has depreciated from a high of $41146 to a low of $32330. BTC/USD on Trading View The registered drop was over 20% and it is currently the largest drop since...Read More
Bitcoin’s recent price action triggered a cascade of sell liquidations on BitMEX. In fact, a total of $264 million sell orders were liquidated following Bitcoin’s price drop below $11,500. Interestingly, the U.S stock market also suffered a similar fate. However, perhaps the reactions of traders on derivatives exchanges are most important since those reactions influence...Read More
