Yesterday, Bitcoin continued to decline and fell to $56,771 in the quiet trading of US Independence Day. The BTC head formation was complete and after breaking below the neckline position, it also triggered the liquidation of long positions. According to Coinglass data, in the past 24 hours, 122,519 people were liquidated with a total amount of $370 million, of which Bitcoin accounted for $126 million.
Bitcoin Plummets Below 57K as Institutional SellOff Sparks Market Panic Sun Signals Willingness to Buy