Bitcoin News
By Jean-Luc Maracon
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What Drove the Asian Session Selloff. Leverage is a brutal thing when prices move fast. Bitcoin's drop below $63,000 set off a chain of…
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Leverage Flush or Broader Market Shift. Bitcoin's overall trading volume didn't spike dramatically alongside the price drop, which is…
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What Traders Are Watching Now. Regulatory signals and macroeconomic data are sitting in the background of all of this.
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Bitcoin slipped under $63,000 during Asian trading hours, hit by a wave of forced liquidations that rattled leveraged positions across the market. Not pretty.
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Per CoinGlass data, the liquidations during the Asian session came in at roughly one-sixth the size of the peak levels recorded over the past month. That's a meaningful gap.
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Leverage is a brutal thing when prices move fast. Bitcoin's drop below $63,000 set off a chain of automatic sell-offs — the kind that happen when leveraged positions hit their…
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Asian trading sessions have a track record of producing these kinds of moves. Liquidity is generally thinner than during peak U.S.
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What's worth noting here is the scale. The CoinGlass numbers put current liquidations at about a sixth of the worst levels seen over the prior month. That comparison matters.
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Bitcoin's overall trading volume didn't spike dramatically alongside the price drop, which is probably the most reassuring data point here.
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Traders seem to be running tighter leverage than they were earlier in the month. That's a reasonable response to a volatile stretch — you get burned a few times on outsized…
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See also: Real Visions Jamie Coutts Sees Bitcoin Hitting $250,000 Before Any Million-Dollar Talk
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Still, $63,000 is a level that carries psychological weight. Bitcoin holding above it for an extended stretch made it feel like a floor.
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The broader crypto market tends to follow Bitcoin's lead on moves like this. Altcoins often see sharper percentage drops when Bitcoin dips, because leverage in smaller tokens…
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Regulatory signals and macroeconomic data are sitting in the background of all of this. Traders are keeping close watch on any announcements that could shift sentiment quickly.
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For now, the CoinGlass data is the clearest read on where things stand. Liquidations at one-sixth of peak monthly levels means the market isn't in freefall.
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