Rekt again — Yesterday's Bitcoin and altcoin price dip cost long traders over $250 million.
At the time of writing, Bitcoin traded at around $21,800, down around 7% in February so far.
“Bear market back or are we just having a slight correction?” Cointelegraph contributor Michaël van de Poppe, founder and CEO of trading firm Eight,Some were busy with short positions as BTC price action conformed to expectations, with popular trader Crypto Tony eyeing $21,400 as a potential bounce zone should losses continue to materialize.
“Profit coming in nice on the short and my next target is the support cluster at $21,400. If we see a retest of $22,300 then this could be your chance to get in, upon a failed retest,” heThose remaining in long positions thus felt intense pain overnight. According to data from data resourceBTC liquidations chart. Source: Coinglassby On-Chain College, a contributor at analytics platform CryptoQuant, these included $24.
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