# Bitcoin derivatives data shows no ‘bottom’ in sight as traders avoid leveraged long positions

# Bitcoin derivatives data shows no ‘bottom’ in sight as traders avoid leveraged long positions

” Bitcoin derivatives data shows no ‘bottom’ in sight as traders avoid leveraged long positions “ Bitcoin (BTC) lost the $28,000 support on June 12 following worsening macroeconomic conditions. The United States Treasury 2-year note yield closed on June 10 at 3.10%, its highest level since December 2007. This shows that traders are demanding higher…

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#Bitcoin falls below K as Binance halts withdrawals

#Bitcoin falls below $24K as Binance halts withdrawals

“Bitcoin falls below $24K as Binance halts withdrawals” Bitcoin dipped below $24,000 for the first time since 2020 as Binance, the world’s biggest cryptocurrency exchange stopped users from withdrawing bitcoin early Monday. Binance founder and CEO Changpeng Zhao blamed the “temporary pause” on “a stuck transaction causing a backlog” in a tweet at 8 a.m….

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