Bitcoin

Bitcoin showed a dramatic price correction, falling from its historic high of $103,583.91 to a low of $91,998.78, as multiple factors contributed to a major market adjustment. The cryptocurrency market witnessed massive liquidations totaling over $6 billion, with short positions leading the long positions.The <a href="https://www.coinglass.com/LiquidationData" rel="noopener noreferrer nofollow">exchange liquidation map</a> reveals a substantial cumulative short liquidation leverage of $6.02B. This selling pressure was seen across major exchanges, with the impact particularly visible in the trading volumes and liquidation patterns of leading platforms. A detailed breakdown of the 24-hour liquidation data shows total market liquidations reaching $1.03 billion.<a href="https://cryptotale.org/btcs-roller-coaster-ride-massive-sell-wall-causes-slump/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

BTC's Roller Coaster Ride: Massive Sell Wall Causes Slump

CryptoTale

Other articles published on Dec 6, 2024

David Sacks Named White House AI and Crypto Czar

How Does ORDI Coin Enhance Bitcoin’s Utility?

Trump Appoints David Sacks to Lead AI and Cryptocurrency Initiatives

Next Cryptocurrency to Explode, 6 December — Mog Coin, Virtuals Protocol, FTX Token

With Bitcoin at $100K, Analysts Predict a Potential Correction and Altcoin Boom—5 Coins to Watch!

Famous Bull Michael Saylor Makes Bold Statements About Bitcoin (BTC)!

Join our free newsletter for daily crypto updates!