Bitcoin price update: BTC/USD returns to $8k levels as $600 million BTC longs liquidate on BitMEX

 

Bitcoin price update: BTC/USD returns to $8k levels as $600 million BTC longs liquidate on BitMEX

Bitcoin longs liquidations on BitMEX are becoming highly correlated with the price drops. Bitcoin recovery steps above $8,700 but fails to sustain momentum. For the first time since the rally in June …

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