Why Did The Bitcoin Price Dip From All-Time Highs?

Why Did The Bitcoin Price Dip From All-Time Highs?

Technology
November 13, 2021 by mvp00
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The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Source: TradingView As published in Wednesday’s The Daily Dive #096, bitcoin was up 3.9% in one hour after the
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The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

Digging into leverage dynamics can explain why the bitcoin price dipped below $63,000.

Source: TradingView

As published in Wednesday’s The Daily Dive #096, bitcoin was up 3.9% in one hour after the Consumer Price Index reading, only to fall again in a series of BTC-margined long liquidations. Total long liquidations for the day were some of the largest liquidations over the last few months but pale in comparison to the liquidations in March through April earlier this year. 



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