NBA Star Scottie Pippen Drops Major Crypto Advice — TradingView News
The crypto market just saw its biggest ever liquidation event, with over $19 billion wiped out in a matter of 24 hours, triggering a major Bitcoin price drop.
Bitcoin fell from a high of $122,600 on Friday to reach $107,000, extending a drop from its record high of $126,296 reached Oct. 6.
The impact of the sell-off was felt even bigger in the futures market; according to Glassnode, Bitcoin futures markets experienced their largest single-day open interest wipeout in history, with over $11 billion in positions cleared.
The sell-off coincided with a major distribution by long-term Bitcoin holders who have sold 240,000 BTC in the last 30 days. According to Maartunn, a community analyst at on-chain analytics platform CryptoQuant, this remains…
