Bitcoin plummeted below $85,000 today, but $600M in liquidations hides a much scarier macro catalyst
Bitcoin slipped below $85,000 in a single day, triggering practically $600 million in liquidated lengthy positions throughout crypto markets inside 24 hours as expectations mounted that the Bank of Japan will hike rates of interest this week. As of press time, Bitcoin recovered barely to round $86,000. The drop worn out $218.7 million in Bitcoin…
