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Bitcoin ‘cascading long squeeze’ to blame for slump to $60K

June 25, 2024 by DIGIT
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An increasing number of traders entering new long positions was the “fuel” behind Bitcoin’s slump to $60,000, according to a Bitcoin analyst Willy Woo.

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Categories Bitcoin Archive, Bitcoin Miners, liquidation squeeze, Willy Woo
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  • bitcoinBitcoin(BTC)$78,292.00-5.56%
  • ethereumEthereum(ETH)$2,384.39-9.66%
  • tetherTether(USDT)$1.000.06%
  • binancecoinBNB(BNB)$769.07-7.94%
  • rippleXRP(XRP)$1.63-3.85%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$103.97-10.54%
  • tronTRON(TRX)$0.285673-1.78%
  • staked-etherLido Staked Ether(STETH)$2,383.90-9.75%
  • dogecoinDogecoin(DOGE)$0.104911-5.84%
© 2026 DIGIT INFO • Built with GeneratePress
  • bitcoinBitcoin(BTC)$78,292.00-5.56%
  • ethereumEthereum(ETH)$2,384.39-9.66%
  • tetherTether(USDT)$1.000.06%
  • binancecoinBNB(BNB)$769.07-7.94%
  • rippleXRP(XRP)$1.63-3.85%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$103.97-10.54%
  • tronTRON(TRX)$0.285673-1.78%
  • staked-etherLido Staked Ether(STETH)$2,383.90-9.75%
  • dogecoinDogecoin(DOGE)$0.104911-5.84%