Extreme leverage drove $500 million worth of BTC

Crypto Signals The Bitcoin markets emphatically rejected the $60,000 price range on March 15, with excessive leverage driving a record $500 million worth of long liquidations over just 60 minutes.

Glassnode’s founders, Jan & Yann, emphasized the new record hourly Bitcoin for liquidations, noting that more than half open futures contracts prior to the margin calls were leveraged by at least 20 times.

Extreme leverage drove $500 million worth of BTC

This latest correction is the third major retracement of the current bull cycle.

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Bitcoin mine heat-recycling firm MintGreen closes seed round led by CoinShares

ustainable crypto mining firm MintGreen has completed its seed investment round, with top digital asset manager CoinShares leading the round.

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“We are excited to work with MintGreen, where we will join the board, and the like-minded investors we brought into this deal alongside us to help transform the Bitcoin mining landscape and its image in the mainstream media.”
MintGreen is a Canadian-based firm that builds and operates immersive Bitcoin mining systems with clean sourced energy.

Bitcoin hits $60000

Bitcoin has long struggled to overcome perceptions of being highly energy inefficient, with mainstream frequently comparing the energy expenditure of the mining sector to entire countries.

Extreme leverage drove $500 million worth of BTC

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Extreme leverage drove $500 million worth of BTC