Bitcoin ‘late longs’ washed out as BTC price falls to $65K
Bitcoin leveraged positions increased over the past week, and a portion of these late longs have been wiped out as BTC price dropped closer to $65,000.
Bitcoin bears extended the sell-side activity after the July 30 Wall Street open as the drop below $66,000 resulted in a large decrease in leveraged longs.
Data from Cointelegraph Markets Pro and TradingView showed Bitcoin (BTC) price trading at $65,798, down 2.3% over the last 24 hours.
This followed a series of failed attempts to rise above $70,000, suggesting that this area is important to bears.
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Author: Nancy Lubale
