Greed

Bitcoin

Bitcoin investors are expressing apprehension about a possible liquidation of $385 million in the event that the price drops to $60,000. The crypto market is currently undergoing a decline in prices and heightened instability, with a risk of traders being forced to sell their assets if the price drops below the $60,000 threshold.  
Roman Trading anticipates a decline in <a href="https://optimisus.com/news/crypto-news/bitcoin-miner-mara-buys-100-million-worth-of-bitcoin-btc/" rel="noopener noreferrer nofollow">BTC</a> to a level below $60,000 in the upcoming days, attributing it to the weakness in the upward trend and the necessity for a corrective movement. If verified, it has the potential to initiate a series of $385 million worth of purchase orders on widely used crypto exchanges. Nevertheless, the final result may vary as a result of the extremely unpredictable <a href="https://optimisus.com/news/crypto-news/bitcoin-btc-price-still-hovers-above-66k-despite-mt-gox-repayments/" rel="noopener noreferrer nofollow">cryptocurrency market</a>. Leading analysts contend that the current decline in Bitcoin's price is not attributable to the selling activities of Mt. Gox creditors but rather to seasonal patterns and the overall sentiment of the market.  
CryptoQuant's head analyst, Ki Young Ju, and trader Roman refute concerns about a potential sell-off triggered by Mt. Gox, asserting that the decline is a customary aspect of the market cycle and that Bitcoin's value will ultimately rebound.  
The current market attitude is predominantly bullish, as indicated by the Crypto Fear and Greed Index's "greed" score of 68. This suggests that investors maintain a positive outlook on Bitcoin's long-term potential.  
Nevertheless, this forecast relies on the prevailing market patterns, which are susceptible to alteration. Traders and investors should remain watchful and ready for potential fluctuations, as the price of Bitcoin may rebound prior to declining to $60,000. 
The post <a href="https://optimisus.com/news/crypto-news/over-380-million-in-btc-is-to-be-liquidated-if-bitcoin-falls-below-60k/" rel="noopener noreferrer nofollow">Over $380 million in BTC is to be liquidated if Bitcoin falls below $60K</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Over $380 million in BTC is to be liquidated if Bitcoin falls below $60K

Optimisus

2024年7月26日公開の他の記事

Bitcoin, Dogecoin Spike, Ethereum Remains Muted After ETF Debut: Bullish Breakout For King Crypto...

Solana Memecoin Trump Fired Biden Will Rally 17,000% Before Its First Exchange Listing, As SHIB a...

Ethereum Down 5% as ETF Trading Volume Drops

Must Buy Cat-Themed Meme Coins Amid Market Recovery

Nexo Passes SOC 2 Type 2 Audit With Independent Auditor

Empowering Data Streams: How AYDO Leads the Way in IoT and DePIN Integration

ニュースレターを購読して暗号資産の最新情報を毎日入手！