Bitcoin crashed and flushed leverage out, but is the bottom here yet?
Bitcoin simply examined an intraday low of $61,349, triggered roughly $1.76 billion in liquidations with lengthy positions absorbing greater than $1.5 billion of that complete, and then bounced towards the mid-$63,000s. Funding charges flipped deeply unfavourable, open curiosity reset sharply, and the Crypto Fear & Greed Index fell to 12, a degree in excessive concern…
