$1 Billion In Liquidations, Bitcoin Price Below $50,000


Over the last 24 hours, bitcoin’s price has dropped by approximately 9% as more than $1,000,000,000 of leveraged bitcoin long positions have been liquidated across various exchanges.

Liquidated Long Positions over the Last 24 Hours Bitcoin

Liquidated long positions over the last 24 hours

The pullback over the last 24 hours is a continuation of a move that started on April 14th, after Bitcoin hit an all time high of $64,800. From peak to trough, the market has retraced as far as -26.97% since the April 14th all time high, a common occurrence in a bitcoin bull market.



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