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CoinGape
2022-06-14 05:48:52

Here’s Why A Celsius Liquidation Spells Doom For Bitcoin

Here’s Why A Celsius Liquidation Spells Doom For Bitcoin

Beleaguered crypto lender Celsius was seen adding more Bitcoin on DeFi platform MakerDAO to lower the price at which its position will be liquidated. The lender, which recently suspended withdrawals due to a severe liquidity crunch, will see its $522 million position liquidated if Bitcoin prices hit $16,852, on-chain data shows. Bitcoin is currently trading The post Here’s Why A Celsius Liquidation Spells Doom For Bitcoin appeared first on CoinGape.

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