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What's next for Bitcoin after spike in long liquidations?
Bitcoin (BTC) fell to a two-week low of $111,500 on Tuesday after significant long liquidations triggered panic selling among short-term holders. Bitcoin fell to its lowest level in two weeks on Tuesday, following a sharp sell-off over the past 48 hours and a week of subdued trading. Spot trading activity reflected the weak momentum, with average daily trading volumes standing at $2.3 billion in the past week, down 12% from the previous week, according to K33 Research in a Tuesday report. Despite the decline, Bitcoin's volatility remains low. Seven-day volatility stands at 1.1% after dropping to 0.616% on Thursday, ... (full story)
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