Strength from bitcoin pushed the asset over the crucial $30,000 level for the first time since June 2022, causing heavy losses to traders betting on a decline. By shauryamalwa.
Strength in bitcoin pushed the asset over the crucial $30,000 level for the first time since June 2022, causing heavy losses to traders betting on a decline.
The largest single liquidation order happened on Huobi, a bitcoin/tether trade valued at $11 million. Large liquidations can signal the local top or bottom of a steep price move, which may allow traders to position themselves accordingly.
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