A $2M Bitcoin Long Just Got Liquidated on Binance; Start of a Steep Correction?

Bitcoin took a substantial hit in trading on Monday, moving from $10,000 to $9,452, in just fourteen hours. The drop, which largely came on profit-taking sentiment, also saw Binance Futures registering one of its biggest long liquidations: worth $2 million.
The overleveraged exit order did not switch Bitcoin’s long-term bias – which remains bullish, but it still ended up leaving the market sentiment in distaste. The position showed how bulls feel threatened by the cryptocurrency&rsqu