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Bitcoin Price Fell Below $54,000 as $500 Million Worth of Liquidation Triggered in 60 Minutes
Mar 16 2021 · 11:23 UTC by John K. Kumi · 3 min read
Photo: Depositphotos
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Founders of Glassnode disclosed that there was an all-time high record of $500 million in Bitcoin getting liquidated.
The price of Bitcoin has taken its usual pullback soon after hitting an all-time high price of $61,000 on March 15. Many traders believe that this is a normal market behavior as after hitting around $58,000, the price of the digital asset took a nosedive to fall as low as $45,000.
In the most recent attempt to break the $61,000 resistance level, Bitcoin was highly betrayed by sellers forcing the asset to trade down the price curve before pushing a comeback to a current price of $56,000. Interestingly, it was disclosed that liquidations worth about $500 million were triggered on the various exchanges. ....

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