Bitcoin

<h2 id="quick-take">Quick Take</h2>
<ul>
<li>Bitcoin dropped below $27,000, which as a result, saw almost $100 million liquidated in the past hour.</li>
<li>Coinglass data shows 90% of these liquidations came from longs being liquidated.</li>
<li>This came after a <a href="https://cryptoslate.com/bitcoin-halts-four-day-slide-as-cpi-comes-in-better-than-expected/">positive CPI</a> reading that had taken <a href="https://cryptoslate.com/bitcoin-halts-four-day-slide-as-cpi-co">Bitcoin</a> above $28,000 earlier in the day.</li>
</ul>
<figure id="attachment_324149" aria-describedby="caption-attachment-324149" style="width: 1199px" class="wp-caption aligncenter"><img class="wp-image-324149 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/05/liqq.png" alt="Liquidations: (Source: Coinglass)" width="1199" height="190" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/liqq.png 1199w, https://cryptoslate.com/wp-content/uploads/2023/05/liqq-300x48.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/liqq-1024x162.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/liqq-768x122.png 768w" sizes="(max-width: 1199px) 100vw, 1199px" /><figcaption id="caption-attachment-324149" class="wp-caption-text">Liquidations: (Source: Coinglass)</figcaption></figure>
<p><img class="aligncenter size-full wp-image-324152" src="https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-10_18-29-24.png" alt="BTCUSDT " width="1533" height="932" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-10_18-29-24.png 1533w, https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-10_18-29-24-300x182.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-10_18-29-24-1024x623.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-10_18-29-24-768x467.png 768w" sizes="(max-width: 1533px) 100vw, 1533px" /></p>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/insights/bitcoin-dives-below-27k-almost-100m-liquidated/">Bitcoin dives below $27k; almost $100M liquidated</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Bitcoin dives below $27k; almost $100M liquidated

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