Dogecoin Community Exploration
Discover the deeper value of dogecoin and the latest developments of dogecoin whales.
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Nov / 08
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- $925 Million Liquidate As Bitcoin Price Crashes to $65,000, Options Market Jittery
- Nov 08, 2023 at 12:20 am CoinPedia News
- In a sharp market correction, Bitcoin's price plummeted over 6% to $65,000, triggering a broader 7.8% decline in the cryptocurrency market. Altcoins suffered deeper corrections, with leading tokens dropping 8-15%. Amidst geopolitical tensions and inflation concerns, $925 million worth of bullish cryptocurrency positions were liquidated, leading to increased volatility. Options market data indicates growing apprehension among speculators, with implied volatility for Bitcoin options surging, signaling reduced confidence in price direction.
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