Jan 14 2021

On-chain data: Institutional players likely bought Bitcoin’s weekend dip to $30k

published by Nick Chong
in blog CryptoSlate
original entryOn-chain data: Institutional players likely bought Bitcoin’s weekend dip to $30k

analysis btcusd

Bitcoin faced a strong dip last weekend and early this week. The cryptocurrency fell from the $42,000 highs set late last week to lows at $30,000 on some spot exchanges. During the move lower, there was a large ejection of leveraged traders. As CryptoSlate reported previously, in excess of $2.8 billion worth of cryptocurrency market futures positions...

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