Millions of Dollars Vaporized With Bitcoin (BTC) Drop! The sudden movement of the price was very impressive.
Bitcoin price, which broke $ 50,000 again, fell to $ 47,750 yesterday evening. The drop of more than 4% during the day made many crypto money investors lose leverage. Millions of dollars worth of investments evaporated within hours. The size of the losses brings leveraged trading back into the spotlight.
The accumulated positions pose serious risks on the price. The sudden movements of the Bitcoin price, whether up or down, cause investors to lose a lot of money. Many bullish investors saw the $49,000 levels as an opportunity, but they were wrong. Bitcoin (BTC) could not rise above $ 50,000 again, moreover, it lost 48,750 support and fell to 47,700 levels.
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