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


The under is from a current 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 printed in Wednesday’s The Every day Dive #096, bitcoin was up 3.9% in a single hour after the Shopper Value Index studying, solely to fall once more in a collection of BTC-margined lengthy liquidations. Whole lengthy liquidations for the day have been a few of the largest liquidations over the previous couple of months however pale compared to the liquidations in March via April earlier this yr. 



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