Bitcoin Bullishness Pushes Greed to Yearly High — Crypto Market Daily

Bitcoin Bullishness Pushes Greed to Yearly High — Crypto Market Daily

The price of Bitcoin ( btc-usd” target=”_blank” rel=”noreferrer noopener”>BTC) plunged to roughly $11,500 at 10:00 am UTC yesterday, which just filled the latest gap in the CME Bitcoin futures market. In the process, the price action liquidated over $100 million in the derivatives market — showing that the long side is currently highly leveraged. The market-leading cryptocurrency is currently trading near $11,700.

11 Aug 20 OKEx

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