#Crypto
📉 Bitcoin plunges to $98,200 - liquidations exceed $650 million
Overnight volatility swept away traders' positions:
- BTC dropped below $100,000, reaching a local low of $98,200.
- As of now, it is trading around $102,000.
- Total liquidations for the day exceeded $650 million, most of them in long positions.
- The reasons include stress before the Fed's speech and potential large transfers of BTC from exchanges.
💬 The market has once again reminded us that it is risky to sleep well in crypto.
