A mammoth-sized amount of BTC positions has been liquidated on Binance causing Bitcoin to drop back to the $30,000 area.
Glassnode analytics team has reported that within just ten minutes’ whales have liquidated a $190 million worth of Bitcoin futures on Binance.
Image via Twitter
The liquidation of Bitcoin futures has pushed the flagship cryptocurrency back to where it was two days ago – to the range between $30,000 and $30,400, losing as much as 17 percent, making it lose the recent stellar gains.
But first Bitcoin went as low as $28,000. At press-time, BTC is changing hands at $29,608.
Image via TradingView