According to the latest data from CoinGlass, the total cryptocurrency liquidations in the last 24 hours amount to $1.4 billion. Selling pressure was notable on the largest exchange, Coinbase.

The price retracement of #Bitcoin found support at the 50-day EMA on the daily chart, but traders of #BTC should wait for the price to surpass and stay above the 20-day EMA to consolidate the price rebound.