Bitcoin traders feel the sting of $160 million liquidations as BTC price returns to levels not seen since February.
Bitcoin (BTC) hit fresh multi-month lows on May 1 as market nerves cost traders half a billion dollars.
Data from Cointelegraph Markets Pro and TradingView showed BTC price losses mounting during the Asia session, BTC/USD hitting $57,082 on Bitstamp.
This marked the pair’s lowest levels since February and took Q2 losses to more than 20%.