Connect with us
Active Currencies 15139
Market Cap $2,390,761,912,112.10
Bitcoin Share 56.83%
24h Market Cap Change $-2.01
Bitcoin

Bitcoin briefly slips under $9k; triggers liquidations worth $11M

1min Read
Posted:
Avatar
Avatar
Posted:

Share this article

Bitcoin has been taking continuous hits in the spot market and at press time, the coin was noting a fall of 3.37% – a fall that pushed the price of the coin under $9k. According to the Chaikin Money Flow [CMF] indicator, the digital asset surged to occupy the overbought zone after Bitcoin’s price recorded a sudden plunge on 26 February.

Source: BTC/USD on Trading View

Source: BTC/USD on Trading View

According to the chart provided by data analytics firm Skew, almost $11 million longs were liquidated. $9,300 was looked upon as strong support since 5 Feb, however, as the coin went under this mark sell-order might have been triggered.

Source: Skew

 

Previous:
Next:

Share

Avatar
Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.