The speculators of BTC got burned as the price action of BTC delivered an overnight hike only to reverse back its direction, making people lose all the gains.
Some data from the Cointelegraph Markets Pro show that the price movements of BTC are liquidating both the longs and shorts alike.
BTC has also possibly seen an upward momentum just the day before – where it accumulated a value of $26,450 during the daily close. There was also a considerable comedown from it that took the whole of USD and BTC circle and the pair was back again under the mark of $26,000 during the time of writing.
The data of Coin Glass also confirms the fact that the trends of the month of September also produce price of BTC on a downside and very close to a 10% mark. The expectations of the market are completely changed for the year 2023.
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