@Kendimint 3 August 2020 more from that month

Bitcoin Slides Down

Bitcoin suffered a price drop of $1,458 in under an hour on Sunday. The sudden slide caught many traders off guard, forcing out a significant amount of buying pressure from the market. The biggest cryptocurrency by market value fell from $11,969 to $10,659 in 10 minutes to 04:45 UTC, having reached an 11-month high of $12,118 at 04:00 UTC, according to CoinDesk’s Bitcoin Price Index. https://www.coindesk.com/price/bitcoin The sudden price drop has liquidated nearly $1.4 billion worth of positions across major exchanges, as noted by derivatives data provider Bybt. https://twitter.com/bybt_com/status/1289795407812292608 The price drop triggered $144 million worth of sell liquidations or forced closure of long positions on BitMEX, the highest since May 10, according to data source Skew. The Seychelles-based exchange also registered buy liquidations or forced closure of short positions worth $7.6 million. Within the previous 24 hours, at least 72,422 positions were liquidated, with the largest, that of $10 million, occurring on BitMEX. https://twitter.com/bybt_com/status/1289790899740794881 Nearly 95% of BitMEX liquidations were long positions - a sign the leverage was skewed to the bullish side – which isn't surprising given the cryptocurrency recently charted a bullish breakout with a move above $10,500. At press time, the cryptocurrency was trading near $11,031, representing a 5.5% drop on a 24-hour basis. Prices are still up nearly 57% on a year-to-date basis.  Ether (ETH) also fell a little more than 20% moments after reaching an 11-month high of $415.71. It was trading $361.67 as of press time, which nonetheless represented a 1% gain in 24 hours. https://www.coindesk.com/price/ethereum