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Bitcoin Dips to $106,600, Liquidating $185M in Longs as LTHs Continue Buying
Breaking news indicates that Bitcoin (BTC) has fallen to a price of $106,600, resulting in the liquidation of $185 million in late long positions. The liquidation included over $97 million when BTC dropped below $110,900, and an additional $88 million when the price dipped below $109,000. Despite this volatility, long-term investors are accumulating more Bitcoin, with the long-term holder (LTH) realized cap surpassing $28 billion.
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AI Analysis
The recent decline of Bitcoin to $106,600 has led to significant liquidations of over $185 million in long positions, highlighting the high volatility often seen in the cryptocurrency market. The liqu...
AI Recommendation
Given the recent sharp decline and substantial liquidation of long positions, it is prudent for traders to remain cautious in the short term, especially if considering new leveraged positions. However...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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