Bitcoin price falls under $19K as data shows pro traders avoiding leverage longs

Bitcoin price falls under $19K as data shows pro traders avoiding leverage longs

An $860 surprise price correction on Sept. 6 took Bitcoin (BTC) from $19,820 to $18,960 in less than two hours. The movement caused $74 million in Bitcoin futures liquidations at derivatives exchanges, the largest in almost three weeks. The current $18,733 level is the lowest since July 13 and marks a 24% correction from the rally to $25,000 on Aug. 15.

Bitcoin/USD 30-min price. Source: TradingView

It is worth highlighting that a 2% pump toward $20,200 happened in the early hours of Sept. 6,…


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