Since February, Bitcoin has fallen to its lowest worth, breaking under $60,000 and hitting $56,900 as of press time. The worth is now 23% under its current pre-halving all-time excessive of $73,000.
Information from Coinglass exhibits that Binance, probably the most liquid trade for Bitcoin buying and selling, has a number of purchase partitions within the order e book right down to round $50,000. Every yellow line represents not less than 200 BTC in orders, roughly $11.5 million.
The liquidation map for Bitcoin throughout Binance, OKX, and Bybit exhibits virtually $4 billion of leverage in notional worth over the previous day. A lot of the leverage comes within the type of brief positions held above $61,000.
Over the previous 30 days, virtually $13 billion value of leveraged brief positions have been positioned between $57,000 and $72,000.
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