Data shows that cryptocurrency long holders have seen liquidations of $365 million in the past day as Bitcoin’s price has crashed below $66,000.

A quant has explained that Bitcoin could end up seeing an extended drawdown if the past pattern in the Open Interest ends up repeating.

Data shows that around $533 million in crypto long contracts have been flushed down as Bitcoin crashed below the $63,000 level.

Data shows that Bitcoin Coinbase Premium has plunged into the red territory, which may explain why the asset’s price has crashed to under $68,000.<

Data shows over $668 million in cryptocurrency long contracts have been squeezed following Bitcoin’s crash under the $68,000 level.

The crypto community has been abuzz with discussions surrounding Genesis’ intent to sell approximately 36 million shares of Grayscale Bitcoin Trust

The CEO of the on-chain analytics firm CryptoQuant has suggested that Grayscale’s recent Bitcoin selling may not be behind the latest downtrend.

The head of research at CryptoQuant has explained that Bitcoin on-chain data already showed signs of overheating a while before the crash.

Matrixport’s co-founder Jihan Wu, has come out to try and clear the a

Bitcoin has seen a plummet of almost 7% today as on-chain data shows the miners have continued to apply their selling pressure.