Michael van de Poppe: Bitcoin faces largest long liquidation in three months

Michael van de Poppe: Bitcoin faces largest long liquidation in three months
Bitcoin down 1% after liquidations

Michael van de Poppe reports that Bitcoin began the week experiencing its heaviest long liquidation in three months. Despite this event, Bitcoin's price has declined just 1% since the start of the week, while altcoins are performing significantly stronger compared to Bitcoin.

Earlier this month, van de Poppe noted that Bitcoin received over $1 billion in inflows. Altcoin prices have also risen, as he recently highlighted growing investor interest and greater crypto market liquidity. These developments come as altcoins trade more strongly against Bitcoin this week.

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