$BTC just “took a dive” toward $75,000 😮
The price fell more than 6% to around $75,463, its lowest level since 16/9.
The main reason wasn’t any crypto-specific bad news, but heavy selling in U.S. tech stocks, with the Nasdaq losing more than 4%. Crypto followed the broader market sentiment.
On top of that, over $1 billion worth of positions were liquidated in 24 hours, mostly leveraged long positions.
A small bright spot: U.S. spot Bitcoin ETFs still recorded net inflows.
For newcomers: sharp price swings are normal in this market, so don’t use high leverage before you understand the risks.
Do you think $BTC can hold above $75,000? 👇
#Bitcoin #BinanceSquare #BTC $BTC
Personal opinion, not investment advice
The price fell more than 6% to around $75,463, its lowest level since 16/9.
The main reason wasn’t any crypto-specific bad news, but heavy selling in U.S. tech stocks, with the Nasdaq losing more than 4%. Crypto followed the broader market sentiment.
On top of that, over $1 billion worth of positions were liquidated in 24 hours, mostly leveraged long positions.
A small bright spot: U.S. spot Bitcoin ETFs still recorded net inflows.
For newcomers: sharp price swings are normal in this market, so don’t use high leverage before you understand the risks.
Do you think $BTC can hold above $75,000? 👇
#Bitcoin #BinanceSquare #BTC $BTC
Personal opinion, not investment advice