๐ Bitcoin's recent 10% tumble? Just a "healthy realignment," say Bitfinex analysts.
- BTC dipped to $60K, signaling lower volatility ahead.
- From a high of $66,600 on Sept. 27, geopolitical tensions and US economic concerns cooled market enthusiasm.
- A 9.94% drop between Sept. 27 and Oct. 4 shows cautious sentiment.
- Despite the dip, buyers are eyeing consolidation at lower prices.
- Open interest in BTC fell from $35B to $31.8B, with $450M in long positions liquidated.
- Positive US labor data and potential Fed rate cuts could revive optimism.
Stay tuned, crypto enthusiasts! ๐