Bitcoin fell over 5% early Friday in a delayed reaction to Silvergate concerns. The sell-off saw centralized exchanges crowd out a significant chunk of bullish leverage from the market. Reports godbole17.
Bitcoin's early Friday slide, triggered by concerns about crypto-friendly bank Silvergate , shook out bullish leverage from the futures market.
Liquidation happens when the market moves against a trader's bullish/bearish bet, leaving them with insufficient funds to keep the leveraged trade open.
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