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❕NEWS $500 million dollars in Bitcoin liquidation in just one hour

AudraMiller

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The price of Bitcoin has without a doubt been something that many people have been on the look-out for, and there was a a lot of talk of bitcoin reaching and breaking the 60k USD mark, however upon reaching this value, there was a massive liquidation of bitcoin, amounting to approximately $500 million. This was set to be a record in bitcoin liquidations that take place over an hour, with at least half of these liquidations being used to leverage future contracts. What are your thoughts on this? Do you think this rejection of the 60k USD mark could result in a bear run?
 

Josemendez

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I think many people were waiting for the $60k mark ,and immediately it happened ,they took the advantage to sell off their bitcoin for further contracts or profit
 

Niftyicon

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Those sellers probably had set $60k mark for bitcoin as the time to take profits just like it happened with the $40k and $50k marks previously.
 
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