Mobility in Bitcoin wiped out leveraged transactions $BTC
After Bitcoin (BTC) rose to the $71,000 resistance level on June 6, it unexpectedly started to decline and fell to $68,507. This decline resulted in the liquidation of long and short positions worth $409.51 million
The reason behind the decline is the US Employment Situation Summary Report, which was announced on June 7 and created general uncertainty in the market. The report stated that more job opportunities were created in May than expected.
In addition to Bitcoin, Ether (ETH) decreased by 3.58 percent, Solana (SOL) by 5.61 percent, and Dogecoin (DOGE) by 8.70 percent.
The BTC price fluctuated between $70,000 and $71,662 on June 5 and 6, with some investors hoping it would approach a new peak.
