Bitcoin (BTC) price has recently experienced a very heavy decline, astonishing investors. This decline, which deeply affected the investors, made the cryptocurrency market almost bleed.
“Orange Money” Sees Under $ 6,000
According to CoinMarketCap, most of the top 10 cryptocurrencies lost more than 30 percent, while the biggest cryptocurrency Bitcoin fell below $ 6,000 for the first time since May last year, losing more than $ 2,000 in minutes.
This situation, which caused deep wounds in spot markets, also caused great disaster in futures markets. A 500 million dollar long position was liquidated on the leading leveraged cryptocurrency exchange BitMEX.
According to data from Skew.com, the sharp drop in Bitcoin (BTC) price has removed many traders from the market. It is not yet clear how much liquidation is in other transaction pairs in BitMEX.
Even though in the minority, some analysts were expecting such a sharp decline before the half-time, but the shortfall recorded in a short time surprised even the most prepared.
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