Bitcoin Slides Under $80,000 Amid Massive Liquidations

Community Trust Score Verified 84 % Real Verified 32 votes Updated 55 seconds ago Bitcoin ( BTC ) traded at $79,464 on Saturday, October 24, marking its lowest level since September 18. The decline coincided with a sharp increase in forced selling, as more than $200 million in crypto positions were liquidated within a single hour. Traders holding long positions, which bet on price appreciation, accounted for $191.33 million of that hourly total. The hourly liquidation wave was part of a broader 24-hour trend.

Also reported by CoinDesk.

Source: The Currency Analytics