Opinion: Bitcoin leverage remains high, could fall further below $40,000

Time:2022-01-06 Source: 716 views Trending Copy share

Jeff Dorman, Arca’s chief information officer, said bitcoin has been trading as a risk asset lately and appears to be tracking the stock market lower.

Laurent Kssis, a crypto exchange-traded fund (ETF) expert and director of CEC Capital, said about $200 million in long positions had been liquidated in the past few hours, pushing down spot prices.

Leverage remains high and could fall further below $40,000, Kssis added, especially if bond yields continue to rise due to the Fed's hawkish stance.

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