Gate News bot message, A significant liquidation event occurred as Bitcoin’s price fell below $85,000. A cryptocurrency whale experienced a complete liquidation of their BTC long position, resulting in a $7.5 million loss.
The whale’s trading position saw a substantial decline in profits, dropping from $14.9 million to $4.07 million following the liquidation event.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin’s correlation with software stocks dropped from 1.0 to 0.13; on April 6, BTC ETF net inflows were $471 million
Bitcoin is up more than 5% since February 28; it has now rebounded to $69k, while the technology software industry ETF is down more than 2% over the same period. The correlation between the two has significantly declined, and spot Bitcoin ETFs also saw a net inflow of $471 million on April 6.
GateNews11m ago
Economist Professor Issues Dire Bitcoin Warning: BTC Will Crash to Zero – Here’s His Reason
Tension returned to the crypto market after a fresh warning targeted Bitcoin, with a well-known economist arguing that the asset could eventually collapse to zero. The statement quickly drew attention because it challenges the long-standing narrative that Bitcoin remains a resilient store of
CaptainAltcoin12m ago
Bitcoin RSI ‘nearly perfectly’ copying end of 2022 bear market: Analysis
Bitcoin (BTC) is copying the end of its 2022 bear market “nearly perfectly,” according to a new BTC price analysis.
Key points:
Bitcoin stochastic RSI values are “nearly perfectly” repeating the end of its last bear market, new analysis claims.
Both recent local bottoms and the
Cointelegraph40m ago
Bitcoin pulls away from software stocks as Iran war, AI reshape market dynamic
Since the Iran conflict began on February 28, bitcoin has outperformed software stocks, diverging from their previous correlation. While bitcoin rose over 5%, software equities, represented by IGV, fell more than 2%, indicating a shift in investor sentiment.
CoinDesk46m ago
