Bitcoin price nosedived to a low of $38,555 on Tuesday prior to a comeback above $40,000 earlier today.
BTC price drop triggered $82.93 million liquidations in futures market, over $55 million long positions were liquidated. Expert ties recent Bitcoin price decline to GBTC redemptions by bankruptcy estates such as FTX.
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Bitcoin price nosedived to a low of $38,555 on Tuesday prior to a comeback above $40,000 earlier today.
BTC price drop triggered $82.93 million liquidations in futures market, over $55 million long positions were liquidated.
Expert ties recent Bitcoin price decline to GBTC redemptions by bankruptcy estates such as FTX.
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