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But we saved everything 🙂.
Jordan Kerridge reports that $150 million in long positions were liquidated after Bitcoin fell below $77,000.
According to Kerridge, Bitcoin dropped to around $76,400, marking a 3 percent daily loss before it started to rebound.
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Kerridge previously reported that poor planning and emotional trading are leading factors behind crypto investor losses, rather than coin selection, in a recent article on the issue (source). In another analysis, he noted that Bitcoin had closed another weekly candle below the 50-week moving average after facing rejection at a key level (source). These observations add context to the current bout of liquidations following Bitcoin’s latest decline.