The price of bitcoin (BTC) It is positioned Below the $ 110,000 brand. The digital currency has a 3% drop in the last 24 hours and almost 7% in the last week.
In the following graphic, provided by Coingcko, the abrupt movements that Bitcoin’s price have had can be observed:
This fall, which took many traders and market operators, caused a wave of liquidations in the future exchanges.
Leverage traders lost, so far this day, 686 million dollars in liquidations for bullish positions and 65 million dollars for bearish positions.
Next, the graph provided by the Coinglass platform allows us to observe these liquidative movements. Keep in mind that operations are considered in all cryptocurrencies, not only in Bitcoin. As cryptootics showed this morning, almost the entire digital asset market was dyed red.
These last market movements can be explained, among other reasons, due to Increase in international tensions. In the afternoon of today, Bloomberg reported that «European diplomats warned Kremlin this week that NATO is ready to respond to new violations of its airspace with all its strength, even knocking out Russian airplanes, according to officials familiar with the exchange.»
When there are wars and rumors of wars, Investors usually become cautious and get away from the assets considered «risk» such as bitcoin and cryptocurrencies.