Bloodbath For Bulls: $623 Million In Bitcoin Longs Liquidated

Bitcoin’s 200-week moving average, sitting at around $61,700, is the line the market is watching most closely right now.
That level has marked the bottom of every major Bitcoin bear cycle going back to 2015, and it held again this week — at least for now.A Classic Bottom Signal — Or Just A Pause?
The selloff dragged Bitcoin down to around $61,300 before buyers pushed the price back up past $64,750, a recovery of more than 5%.
Reports say the rebound came alongside news that Isr