Posted 3/6/2024, 10:26:54 PM
Bitcoin Sees High Volatility Tuesday With $1B Liquidations, But Experts Say It's Business As Usual
- Bitcoin showed high volatility on Tuesday, with a notable sell-off and quick recovery
- The sell-off was a normal "flush" of built-up leverage in the crypto markets, not a cause for major concern
- About $1 billion in Bitcoin positions were liquidated, which is common for crypto
- Recent approval of Bitcoin Spot ETFs has attracted big daily inflows, driving market turbulence
- Expert Scott Melker says to "zoom out and calm down" - Tuesday was a regular day for crypto