Tag: bitcoin price

  • plummet of Bitcoin to $26.1k was a massive liquidation event

    plummet of Bitcoin to $26.1k was a massive liquidation event

    The recent plummet of Bitcoin to $26.1k was a massive liquidation event, underlined by significant changes in the cryptocurrency’s perpetual funding rate and open interest. The perpetual funding rate, a mechanism used by exchanges for perpetual futures contracts, which usually sees long positions periodically pay short positions when positive, has shifted into the negative terrain.…

  • Why Bitcoin price is dropping with the speed of light

    It has been a season of sell-offs in the fast-evolving market. According to CoinMarketCap, the combined market capitalization of all cryptocurrencies has fallen below a trillion dollars, indicating that the market is firmly immersed in “crypto winter.” Bitcoin was trading around $23,200 at press time, down 16% for the day. Ether (ETH), the Ethereum blockchain’s…

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