Top 5 cryptocurrencies to watch this week: BTC, LINK, UNI, XTZ, ATOM
Cointelegraph
Published Jan 17, 2021 01:57PM ET
Updated Jan 17, 2021 03:40PM ET
Bitcoin (BTC) price has yet to recapture the $40,000 level and traders who were expecting a quick resumption of the uptrend may have been caught off guard by the recent pullback. This could have led to the liquidation of about $500 million worth of cryptocurrency futures positions in the past 24 hours.
Over leveraged positions provide the necessary ammunition during the uptrend, but they become a liability when the trend reaches an inflection point.
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Written By: Cointelegraph
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