Bitcoin ‘cascading long squeeze’ to blame for slump to $60K

Cointelegraph.com NewsAn 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. 

​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.