Long Liquidations Spike Bitcoin Suffers “Sell the Fact” Reaction to Dovish Fed, But BTC Dip-Buyers Will Probably Pounce

BTC/USD was last changing hands in the mid-$27,000s, having at one point been as low as the $26,600s, down around 2.2% over the last 24 hours as per CoinGecko.

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Prior to the Fed meeting, the Bitcoin price had been on the front foot, hitting new nine-month highs in the $28,900s earlier in the session.

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According to crypto derivatives analytics website coinglass.com, around $60.2 million in Bitcoin futures long positions were liquidated in the first two hours after the Fed’s policy announcement.

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BTC/USD was last changing hands in the mid-$27,000s, having at one point been as low as the $26,600s, down around 2.2% over the last 24 hours as per CoinGecko.

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Long Liquidations Spike Bitcoin Suffers “Sell the Fact” Reaction to Dovish Fed, But BTC Dip-Buyers Will Probably Pounce

BTC/USD was last changing hands in the mid-$27,000s, having at one point been as low as the $26,600s, down around 2.2% over the last 24 hours as per CoinGecko.

Prior to the Fed meeting, the Bitcoin price had been on the front foot, hitting new nine-month highs in the $28,900s earlier in the session.

According to crypto derivatives analytics website coinglass.com, around $60.2 million in Bitcoin futures long positions were liquidated in the first two hours after the Fed’s policy announcement.

BTC/USD was last changing hands in the mid-$27,000s, having at one point been as low as the $26,600s, down around 2.2% over the last 24 hours as per CoinGecko.

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