BItcoin Breaking Below $8,500 Will Make This Summer “Long” For Holders

it’s hasn’t been a pretty past 24 hours for Bitcoin investors. The cryptocurrency has exhibited a strong reversal after hitting $9,800 on Monday. As of the time of this article’s writing, BTC trades for $9,200, $600 shy from the peak. This reversal to the downside has resulted in the liquidation of dozens of millions of long positions on BitMEX. Skew.com suggests that approximately $60 million worth of long positions have been wiped out during this move lower. With bears seemingly back in control, top analysts are identifying what levels traders…

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