Bitcoin Price Collapses Below $50K in Hours in the Midst of a Trader’s War – What You Need To Know
The price of Bitcoin even hit a low around $40K.
What a bloodbath!
I couldn't start this article with anything else. A few hours ago, when the Bitcoin price had been consolidating for several days between $55K and $60K, I was clearly telling you not to expect anything in the short term, but to be prepared for anything for the Bitcoin price:
Bitcoin could break through $60K and head back to a new ATH, or it could break through the $52K-$53K support and go below $50K.
Well, the traders decided to take us below $50K. And in a big way!
The leverage flush finally arrived. In just a few hours, nearly $1.8B of long positions were liquidated in the Bitcoin market:
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