Bitcoin Faces Massive Liquidation Cluster Near $60K, Glassnode Warns
By Kevin Helms
Bitcoin approached a large concentration of leveraged trades as Glassnode warned that forced selling could deepen its decline. The warning came as shrinking trading liquidity and losses on bullish bets increased pressure across crypto markets. Glassnode Warns of Vulnerable Trades Below Bitcoin’s Price Glassnode, a…
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Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinCryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
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