Bitcoin long liquidations mount as the monthly close draws near.
tracked a less confident BTC/USD as it briefly wicked to just above $22,500 on Bitstamp overnight.
The stakes remained high for traders both long and short with the monthly close just hours away. This was to be followed by interest rate decisions from the United States Federal Reserve on Feb. 1, along with the European Central Bank a day later. The trip to $22,500 sparked $46 million of long liquidations on Jan. 30, which according to data fromFurther data from on-chain analytics resource Material Indicators meanwhile highlighted the tense situation on the Binance order book.
U.S. equities lost ground on Jan. 30, with market-wide nerves over the Fed showing themselves in decreased risk appetite.
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