💥💥💥 #BREAKING : #bitcoin Price Plummeted – Below $69,000! What Caused the Decline? Here is the Liquidation Data
Bitcoin (BTC) experienced a sudden decline, losing 3% of its value within minutes and hitting a low of $68,500. This drop is estimated to be linked to a live broadcast by RoaringKitty, a prominent influencer known for his involvement with GameStop shares. The live stream, which attracted approximately half a million viewers and was aired on major financial networks like CNBC, coincided with a sharp fall in GameStop shares. This decline resulted in a total loss of $235 million for RoaringKitty. GameStop shares can be likened to #Memecoins🤑🤑 in the #cryptocurrency world.
Additionally, data reveals that approximately $300 million was liquidated in the cryptocurrency market within the last hour, with $285 million of this being long positions and the remaining in short positions. A notable portion of these liquidations involved other altcoins such as Ethereum, Dogecoin, and Solana, as well as Bitcoin. The bulk of the liquidations occurred in low market value memecoins, with Bitcoin liquidations amounting to $44 million.
*This is not investment advice.
Source - en.bitcoinsistemi.com
