BTC's fall below $62,000 led to $290 million in position liquidations
🟡Bitcoin (BTC) fell below $62,000 due to a wave of liquidations.
🟡Genesis Trading moved more than $1.5 billion into BTC and ETH, causing BTC to drop 2.2% and ETH to drop 2.5%.
🟡The move of 16,600 BTC and 166,300 ETH is likely intended to pay off debts to creditors.
🟡These events caused massive liquidations, especially among Bitcoin traders.
OM
3,597.37
+2.44%
OM
118,007.9
+0.31%
