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Bitcoin: Daily Analysis & Forecast update

The global crypto market woke up to see a bloodbath all around as the biggest of the digital assets bled on Wednesday. Bitcoin price dropped around 10% in the last 24 hours leading the market to lose heavily. The cumulative crypto market cap declined by more than 8% to stand at $2.15 trillion.Crypto liquidations breach $450 million

As per the data shared by Coinglass, around 140K traders got liquidated in the last 24 hours. The total liquidations, including both long and short positions, breached the $450 million mark. The largest single liquidation order happened on the crypto exchange OKX of ETH-USDT-SWAP valued at $6.07 million

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