Bitcoin hit a three-month low overnight. Exchanges liquidated traders' positions for $ 810 million.
Coinglass has tracked 208 thousand margin orders that were forcibly closed over the past day. The largest liquidation, worth $ 10 million, took place on BitMEX.
The sellers are still keeping their pressure, making it possible for the asset price to continue falling from the current levels.
Experts believe that the market is influenced by a number offactors. Among them are the Fed's decree on the withdrawal of dollars from circulation (the actual cessation of funding for many sectors) and the latest events in Kazakhstan, which could significantly collapse the bitcoin hash rate.
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