In a market update earlier today, Bitcoin experienced a notable dip, briefly dropping below $67,000 to a low of approximately $66,800. This dip marked a roughly 3% decrease in the past 24 hours.

According to data from Glassnode, significant spot-selling activity contributed to a total of about $200 million in selling across all exchanges. The majority of this selling activity came from Binance. The Spot Cumulative Volume Delta (CVD) tracking the net difference between buying and selling volumes highlighted that sellers were the dominant force in the market.

The increased selling pressure led to substantial liquidations, with $185 million in liquidations occurring within the last 24 hours, $160 million of which came from long positions. Both Bitcoin and Ethereum were impacted, with each seeing around $50 million in total liquidations during this period.

The post Bitcoin briefly dips below $67k amid $200M in Binance-driven spot selling appeared first on CryptoSlate.

, , , , , , , , ,
Show Comments

Fabio

Full Stack Developer

About the Author

I’m passionate about web development and design in all its forms, helping small businesses build and improve their online presence. I spend a lot of time learning new techniques and actively helping other people learn web development through a variety of help groups and writing tutorials for my blog about advancements in web design and development.

View Articles