Bitcoin Plunge Below $115,000 Wipes Out $700M In Crypto Longs
Data shows the cryptocurrency derivatives market has seen more than $700 million in long liquidations as Bitcoin and altcoins have plummeted.
Bitcoin Price Just Made A Low Under $115,000
Bitcoin and the wider cryptocurrency market has witnessed a wave of bearish momentum during the past day as prices across the coins have declined. BTC went into the low $114,000 levels earlier in the day, but the coin has since bounced back above $115,000.
The below chart shows how the asset’s recent performance has looked.
Last week, BTC also dropped toward the $115,000 mark, but back then, it was able to quickly bounce back to resume sideways movement around $118,000. As such, it only remains to be seen whether the current deviation is a temporary…
