The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
On June 4, Bitcoin long bets worth $636 million were wiped out in a single day following a flash crash toward $61,000. Analyst Cryptoinsightuk suggested that XRP is better positioned for a faster rebound than Bitcoin as most downside liquidity has been cleared. MicroStrategy's preferred stock STRC fell to $94.65, marking its first drop below $95 in three months, coinciding with Bitcoin tumbling to the $62,000 level. The market witnessed over $1.66 billion in liquidations during the sell-off.