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$1.6 Billion: Recent Bitcoin Volatility Liquidates Billions, Sends Open Interest Reeling


$1.6 Billion: Recent Bitcoin Volatility Liquidates Billions, Sends Open Interest Reeling

It’s no secret that 2020 has been a crazy year for the crypto markets, with Bitcoin incurring an intense and unwavering uptrend throughout January and February, before erasing all of these gains and nearing its 2018 lows in a sharp movement seen on March 12th. Data now shows just how significant this movement was, with it leaving a massive trail of destruction in its wake. One prominent analyst is now noting that he believes the severity of this move makes it an obvious occurrence of capitulation, a bullish sign that means these lows could mark a long-term bottom for BTC.

Analyst: Bitcoin saw textbook capitulation after sharp decline liquidates billions

On March 12th – a day that many investors are now referring to as “Black Thursday” – Bitcoin saw unprecedented price action that will likely leave an everlasting imprint on investors’ memory. Read More...

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