For a brief moment, nearly everyone who ever invested in Bitcoin was profitable. Now, with the cryptocurrency retreating from its still fresh record high, all are left to wonder how long they’ll be caught up in the “sell-the-news” trade that has followed.
The original digital asset tumbled as much as 14% after hitting an all-time high of $69,191 earlier Tuesday. More than $800 million worth of bullish positions have already been liquidated in the perpetual futures market with prices reversing, according to crypto data tracker Coinglass.
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