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Bitcoin Tumbled to $95,000 After $540 Million in Long Liquidations
The cryptocurrency market is notorious for its unpredictability and volatility. Just days ago, it seemed like the price of Bitcoin was on a relentless rise, fueled by speculation and FOMO (fear of missing out). However, the market’s swift twist proved to be a harsh lesson in volatility, as the price plummeted to $95,000, wiping out over $540 million in long positions.
The sudden downturn caught many investors off guard, leaving them reeling from the devastating losses. But what exactly sparked this rapid descent, transforming a mere correction into a precipitous fall?
Source: cryptoslate.com
