BitcoinTaps $40K

In less than 2 hours, Bitcoin tapped $40K following a sudden rise of 6%

Feb 5, 2022

 Bulls took complete charge of the market momentum and managed to push BTC’s price to upto $40K  (on Binance)

This comes following a couple of green days after BTC dropped to $33K, mapping a recovery of upto 20%

According to the Coinglass Data which reveals that there are currently around $200 million in liquidations, with the largest single order happening on OKEx with a face value of $3.18 million.

77% of the total liquidations in the past 4 hours came from short positions.

36% of those happened on OKEx, and 34% happened on Binance, followed by Bybit, FTX, and Huobi.