In the past few hours, Bitcoin has dropped below $80,000 amid another wave of liquidations as January comes to a rather volatile close. Analysts at Kobeissi note there have been three notable liquidation events in the past 12 hours, resulting in a combined loss of $1.3 billion. Such developments, coupled with a very fearful market…
View More Here’s Why Bitcoin Fall Below $80,000 Could Be A Deep Pit – Analyst
Bitcoin’s price action in the past two weeks has opened a new phase of stress among traders, with on-chain data showing realized losses climbing to heights last observed in 2022. Glassnode’s latest Week-On-Chain report shows Bitcoin is trading above an important cost-basis level but is also visibly straining under intensified loss realization, fading demand and…
View More Bitcoin Realized Losses From Entities Surges To 2022 Levels Following Crash Below $90,000