Traders buy the Bitcoin dip even as Evergrande’s implosion rocks stock markets By Cointelegraph

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Traders buy the Bitcoin dip even as Evergrande’s implosion rocks stock markets

(BTC) investors seem concerned about the increasing speculation that China’s second-largest property developer, Evergrande Group, will default on its $300 billion in debts. These fears manifest in global equities markets which saw a 1.5% to 3% drop at this morning’s market open.

Despite the price move, the BTC outflow (net withdrawals) from exchanges has continued a multi-month trend, particularly on Coinbase (NASDAQ:) Pro.

Bitcoin futures liquidations past 24 hours, Sept. 20. Source: Bybt.com
Bitcoin 3-month futures annualized basis. Source: Laevitas.ch
OKEx and Binance top traders Bitcoin long-to-short ratio. Source: Bybt.com