- Bitcoin’s recent price dip below $55K has led to a huge loss of crypto investors’ funds.
- $1.62 billion long crypto positions liquidated within 24 hours.
- BTC dip also due to the weak buying pressure of institutional investors.
Bitcoin’s recent price dip below $55K has led to a huge loss of crypto investors’ funds, with $1.62 billion long crypto positions liquidated within 24 hours. In a data provided by Bybt, 234,825 traders liquidated for a total of $1.62 billion over the past 24 hours,
According to CoinGecko, BTC trades a high price of $53,611 with a 24-hour trading volume of $59,327,333,784, at the time of writing.
This article was first published on coinquora.com