Why Did The Bitcoin Price Dip From All-Time Highs?

Why Did The Bitcoin Price Dip From All-Time Highs?


The beneath is from a latest version of the Deep Dive, Bitcoin Journal’s premium markets publication. To be among the many first to obtain these insights and different on-chain bitcoin market evaluation straight to your inbox, subscribe now.

Digging into leverage dynamics can explain why the bitcoin price dipped below $63,000.

Supply: TradingView

As revealed in Wednesday’s The Daily Dive #096, bitcoin was up 3.9% in a single hour after the Client Worth Index studying, solely to fall once more in a collection of BTC-margined lengthy liquidations. Complete lengthy liquidations for the day had been a number of the largest liquidations over the previous few months however pale compared to the liquidations in March by way of April earlier this yr. 

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