Bitcoin hit $12,000 but then fell as long derivatives traders were wiped out. Meanwhile, DeFi lending continues to grow. 

Bitcoin (BTC) trading around $11,884 as of 20:00 UTC (4 p.m. ET). Gaining 1.8% over the previous 24 hours.Bitcoin’s 24-hour range: $11,468-$12,084BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians.Bitcoin trading on Coinbase since Aug. 8.Source: TradingView

Bitcoin was able to hit as high as $12,084 on spot exchanges such as…

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