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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)$89,376.000.06%
  • ethereumEthereum(ETH)$3,137.371.47%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$886.78-0.25%
  • rippleXRP(XRP)$1.96-1.93%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • solanaSolana(SOL)$132.561.01%
  • staked-etherLido Staked Ether(STETH)$3,136.901.41%
  • tronTRON(TRX)$0.2821722.43%
  • dogecoinDogecoin(DOGE)$0.136483-0.14%
© 2025 DIGIT INFO • Built with GeneratePress
  • bitcoinBitcoin(BTC)$89,376.000.06%
  • ethereumEthereum(ETH)$3,137.371.47%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$886.78-0.25%
  • rippleXRP(XRP)$1.96-1.93%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • solanaSolana(SOL)$132.561.01%
  • staked-etherLido Staked Ether(STETH)$3,136.901.41%
  • tronTRON(TRX)$0.2821722.43%
  • dogecoinDogecoin(DOGE)$0.136483-0.14%