The Bitcoin Price Just Plunged Under $6,400 After Days of Stagnation

2020-3-28 02:51

Over the past ten minutes, Bitcoin has performed extremely poorly, falling from $6,700 to a price as low as $6,265 in an over 6% sell-off, per data from TradingView. As a result, at least $20 million worth of long positions on BitMEX were liquidated, while millions more probably bit the dust on other exchanges. This 6% crash comes after days of stagnation for the cryptocurrency market, epitomized by the fact that the cryptocurrency held between $6,500 and $7,000 for over three days, leading one trader to jokingly ‘capitulate’ because of the lack of volatility. There seems to be no news trigger to this sell-off, though, the stock market has started to reverse after a jaw-dropping 20% rally in the matter of a few days. More specifically, the S&P 500 dropped 3.4% on Friday while the Dow Jones saw a similar loss. While Bitcoin is likely to close the daily candle under the ever-important $6,400 support in a few minutes, there remain bullish fundamental factors. One such factor is, according to data from ByteTree, on March 25th Bitcoin miners sold 2,788 coins against 1,588 mined, resulting in $7.2 million in BTC sold that on a normal day would’ve been held. Despite this added selling pressure, the price of the cryptocurrency didn’t drop, rather, the “market took it” and rallied. According to ByteTree founder Charlie Morris’ analysis, this is a bullish sign. Featured Image from Shutterstock origin »

Bitcoin (BTC) на Currencies.ru

$ 95356.99 (-0.08%)
Объем 24H $32.124b
Изменеия 24h: -0.28 %, 7d: 5.29 %
Cегодня L: $95335.34 - H: $95531.86
Капитализация $1904.926b Rank 1
Цена в час новости $ 6138.17 (1453.51%)

price bitcoin positions long worth million tradingview

price bitcoin → Результатов: 126


Фото:

Bitcoin demand is breaking out, but dealers are mechanically forcing stability: Here is the exact price the dam cracks

Bitcoin is now trading around near $96,000 as spot ETF inflows and options market positioning exert opposing mechanical forces on price behavior. The current price sits just outside a range between roughly $90,000 and $94,000, a band that has persisted despite intermittent surges and declines in spot demand through US-listed Bitcoin exchange-traded funds.

2026-1-16 20:50


Фото:

Bitcoin Big Move Incoming? BTC Whales Are Stacking Long Positions At A Rapid Pace

Bitcoin’s price may be showcasing slight upward movement, but the overall outlook is still quite bearish considering the volatile state of the broader cryptocurrency market. Even with the flagship asset trading below the $90,000 price mark for the past few weeks, expectations for another huge rally remain solid in the hearts of major investors as […]

2025-12-29 19:00


Bitcoin Critical Holders’ Profit Crashes To Monthly Low: Will Price Further Suffer?

Bitcoin has shown mixed price action in recent sessions, marked by sharp fluctuations and tentative recovery attempts. BTC rebounded after a brief breakdown, yet momentum remains fragile.   A key concern is weakening confidence among one of Bitcoin’s most influential cohorts, which could complicate efforts to sustain a broader price recovery.

2025-12-22 01:27


Bitcoin - Standard Chartered's revised projection and why THIS is 'no longer a price driver'

Standard Chartered, the multinational banking giant, is in the news today after it significantly revised its price forecast for Bitcoin. In fact, it dramatically cut its 2025 projection in half. ThisThe post Bitcoin - Standard Chartered's revised projection and why THIS is 'no longer a price driver' appeared first on AMBCrypto.

2025-12-11 08:00


Bitcoin ‘True Bull Run’ May Yet To Begin — Analyst Explains Why

The Bitcoin price action has been somewhat impressive in 2025, as the flagship cryptocurrency ascended from around $93,300 in early January to its current all-time-high price of $126,000 this month. While the digital asset saw a couple of resets along the way, it continued to put in new highs, reflecting the magnitude of confidence held by its long-term investors.

2025-10-26 19:30