Insights

Bitcoin dives below $27k; almost $100M liquidated

exchange68September 13, 2024

0 2 1 minute read

Quick Take

Bitcoin dropped below $27,000, which as a result, saw almost $100 million liquidated in the past hour.
Coinglass data shows 90% of these liquidations came from longs being liquidated.
This came after a positive CPI reading that had taken Bitcoin above $28,000 earlier in the day.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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