Bitcoin keeps liquidating longs as BTC price action gives up $22K support

Bitcoin serves up more long liquidations as BTC price action trends lower.

Highlights

Bitcoin traders are seeing long positions evaporate as prices continue to drop.
$24.4 million of BTC longs were liquidated on March 8, the highest tally in almost a week.
February became the least volatile month on record in terms of open and close prices on monthly timeframes.
Financial commentary resource The Kobeissi Letter warns of “liquidity crisis” stretching out across macro assets.
Cointelegraph: Bitcoin price action remains comparatively flat despite the liquidation behavior of long positions.
The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of the authors.

Read the original article