Bitcoin hit 81 thousand and returned, South Korea scared: “It may jump into crypto”

Bitcoin, which managed to remain strong above 80 thousand dollars despite many negativities experienced recently, also reached 80 thousand 900 during the night. In particular, the 6% decline seen in the South Korean stock exchange KOSPI also affected the cryptocurrency markets. However, Bitcoin rose above 83 thousand dollars again with a rapid recovery in the morning hours.

Hundreds of millions of dollars of liquidation in leveraged...

The events increased the liquid crypto position value in the last 24 hours to 822 million dollars. Of these, $690 million were “long” positions. While a $200 million position in Bitcoin was liquidated, 74% of this liquidation was made up of "long" positions. The highest liquidation was seen on the Binance exchange with $400 million.