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Bitcoin price briefly fell below $30,000 as derivatives positions worth more than a billion-dollar get liquidated

Finland’s customs authority is looking to sell bitcoin seized in 2016, now worth more than $75 million

Finland’s customs authority, Tulli, is looking to sell 1,981 bitcoins, local public broadcaster Yle reported the news on Thursday. The majority of the seized bitcoins (1,666) were confiscated in 2016 via the arrest of Finnish drug dealer Douppikauppa. The bitcoins were worth about $860,000 at the time of confiscation, and now they are valued at more than $75 million. …

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Bitcoin price briefly fell below $30,000 as derivatives positions worth more than a billion-dollar get liquidated

Bitcoin price briefly fell below $30,000 as derivatives positions worth more than a billion-dollar get liquidated

The price of bitcoin briefly fell below $30,000 from nearly $34,000 within a couple of hours, as derivatives positions worth more than a billion-dollar get force liquidated by crypto exchanges. About $1.1 billion worth of open interest was liquidated by crypto exchanges in the last one hour, according to tracker Bybt.com. In other words, exchanges …

Bitcoin price briefly fell below $30,000 as derivatives positions worth more than a billion-dollar get liquidated Read More »

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