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BTC: Assessing how liquidations might have been behind fall in price
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Bitcoin seems attached to the 40k mark of late. But as bulls wonder when they can restart their run to a new all-time high, we need to pull back the curtain to understand what’s going on in the king coin’s ecosystem.
Santiment’s average exchange funding rates indicated investors were consistently longing the asset with the help of leverage, which can signal the oncoming of sudden liquidations. This could be one reason contributing to Bitcoin’s fall back to $40.8k after reaching $42.2k.
At press time, BTC was trading at $41,223.81, having fallen by 0.58% in the last 24 hours. However, the flagship coin is up by 5.82% in the last week.
<p lang=«en» dir=«ltr» xml:lang=«en»> Read more on ambcrypto.comAbout this in other media
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