An increasing number of traders entering new long positions was the ‘fuel’ behind Bitcoin’s slump to $60,000, according to a Bitcoin analyst Willy Woo.
Bitcoin ‘cascading long squeeze’ to blame for slump to $60K
![Bitcoin ‘cascading long squeeze’ to blame for slump to K Bitcoin ‘cascading long squeeze’ to blame for slump to K](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDYvNjhmYzZhNzAtYmQwZS00NjNlLTkxZWUtOTRlOWFjMzMyMDVhLmpwZw==.jpg)
An increasing number of traders entering new long positions was the ‘fuel’ behind Bitcoin’s slump to $60,000, according to a Bitcoin analyst Willy Woo.