Key Takeaways in Bitcoin This Week: Crypto Long Liquidations Surpassing $300M

Bitcoin Starts Key Week with 7% Price Correction

Bitcoin experienced a sharp 7% price correction, dropping to its lowest level in a week. This caught many investors by surprise and resulted in the liquidation of almost $100 million in long positions. The correction comes at the beginning of a week that holds several potential volatility triggers, including United States macro data and the Federal Reserve’s decision on interest rates.

Volatility Returns as BTC Price Corrects

The sudden downturn in Bitcoin’s price was unexpected for leveraged long traders. The long liquidation tally reached $86 million for December 11. While some market participants expressed relief and called for calm, others warned that the correction may indicate a distribution phase for Bitcoin.

Fed FOMC Meeting Headlines Intense Macro Week

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Coinan Porter

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