Bitcoin

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<ul class="news-points"> 
 <li>Bitcoin MLV Long Position liquidations reached a 19-month high.</li> 
 <li>The MLV hit $730,576 on the OKX crypto exchange platform.&nbsp;</li> 
 <li>Over $55 million evaporated as 33,400 traders failed in Long and Short positions.</li> 
</ul> 
Glassnode, a renowned provider of on-chain and financial metrics, has reported that the Mean Liquidated Volume (MLV) in Futures Contracts Long Positions for Bitcoin has reached a remarkable 19-month high.&nbsp; 
The analytic firm reported the update in a recent tweet via its automated alert account on the X platform. According to the update, the Bitcoin MLV for Long positions hit $730,576 on the OKX crypto exchange platform.&nbsp; 
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 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> Mean Liquidated Volume in Futures Contracts Long Positions just reached a 19-month high of $730,576.07 on <a href="https://twitter.com/hashtag/Okex?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Okex</a> Previous 19-month high of $607,216.06 was observed on 08 September 2022 View metric:<a href="https://t.co/tj77GIdcs8" target="_blank" rel="noopener noreferrer nofollow">https://t.co/tj77GIdcs8</a> <a href="https://t.co/grYR4JKKxq" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/grYR4JKKxq</a>— glassnode alerts (@glassnodealerts) <a href="https://twitter.com/glassnodealerts/status/1700739756693315870?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 10, 2023</a> 
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The reported figure represented a substantial uptick in the number of Bitcoin traders incurring significant losses in recent times. In particular, it implies that those who had bet that the price of Bitcoin would go up were … 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/bitcoin-mlv-hits-19-month-high-as-over-33000-traders-liquidated/">Bitcoin MLV Hits 19-Month High as Over 33,000 Traders Liquidated</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Bitcoin MLV Hits 19-Month High as Over 33,000 Traders Liquidated

Coin Edition

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