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Bitcoin batters longs as liquidations copy May 2021 run to $30,000 By Cointelegraph


© Reuters.

(BTC) has dealt significant pain to bulls in recent weeks, and now, fresh data shows just how much.

In a tweet on Jan. 10, on-chain analytics firm Glassnode revealed that those longing BTC had suffered a rerun of last May, when began to fall toward $30,000.

Bitcoin futures long liquidations dominance annotated chart. Source: Glassnode/Twitter