Bitcoin (BTC) experienced a sudden drop in value on April 19 due to a series of long liquidations. The cryptocurrency fell to lows of $29,015 on Bitstamp, its lowest since April 10, after an unsuccessful attempt to maintain levels above $30,000.TradingView
Despite the volatility, some traders like Crypto Kaleo remained optimistic, calling the retracement «beautiful» and a gift.
Longs Squeezed
However, conditions were unfavorable for those with long BTC positions. On April 19, total crypto long liquidations reached around $175 million on monitored platforms like Coinglass.
Shorts had also experienced a difficult day after the previous day had seen BTC rise back above $30,000. As always, investment and trading carry risk, so readers should conduct their research before making any decisions.Coinglass
