Fast Take
Bitcoin went above the $67,000 mark, practically hitting $67,500 — its highest stage since April 13.
The outstanding rally has triggered a wave of liquidations inside the digital asset ecosystem over the previous 24 hours. Roughly $122 million value of positions have been liquidated, comprising $39 million in lengthy positions and $84 million briefly positions, primarily based on Coinglass knowledge.
Out of the entire liquidations, a staggering $45 million may be attributed to Bitcoin alone. Notably, within the $67,500 to $68,000 vary, there lies a considerable $2 billion value of leveraged positions prone to liquidation.
Whereas Bitcoin is up 3% for the day, it’s essential to notice that the S&P 500 and Nasdaq are barely purple, whereas gold has gained roughly 1%.
