Jordan Kerridge: $150 million in Bitcoin longs liquidated as price drops below $77,000

Jordan Kerridge: $150 million in Bitcoin longs liquidated as price drops below $77,000
Bitcoin liquidations after sharp price drop

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.

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.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.