Bitcoin’s monthly closing took place at 03:00 CEST and closed the month of June at $ 19,900.
Before the monthly close 20,100 from dollar levels 18,500 Bitcoin, which has fallen to the dollar, 23.30-04.00 between the hours from 12% experienced a large increase.
In this process, many short positions were liquidated.
Many crypto analysts believe this rise is a market breakdown while some analysts describe it as sufficient for further declines.provide liquidityHe thinks it was done on purpose.
According to Coinglass data, a total of close to $100 million was liquidated in this 3-hour period, and almost all of this was made up of short positions. Bitcoin monthly candle 37% According to crypto analysts, it is an indication that the decline will continue.
But 2018-2019 Bitcoin, which made a similar candle closing in the bear market experienced in the years of decline for 2 months lived and then ascended.
After last night’s rise a 7% decrease living Bitcoin, at the time of writing from $19500 is being traded.