“Bitcoin recorded its largest drawdown (-32%) from the ATH of the cycle, and precipitated a statistically significant capitulation amongst Short-Term Holders. Futures liquidations fuelled the fire, with over $365m worth of contracts forced closed, and creating a 3 standard deviation reduction in open interest,” it wrote.
Read Full Story
The ForexTV Bitcoin editor automatically searches and aggregates stories related to bitcoin and other crypto currencies.
Latest posts by Bitcoin News Editor (see all)
- Bitcoin at “Make or Break Moment” as $46K Support Comes Under Scrutiny: ARK - September 14, 2024
- MicroStrategy Just Bought Another $1.1 Billion Worth of Bitcoin - September 14, 2024
- Bitcoin Eyes $60K and Likely Has More Room to Rally, Analyst Says - September 14, 2024
