$HUMA $BTC CRYPTO MARKET UNDER HEAVY PRESSURE.
The cryptocurrency market is facing another wave of selling pressure.
Bitcoin has fallen below the US$70,000 level, trading as low as below US$64,000. Ethereum also suffered significant losses, while more than US$1.6 billion in positions were liquidated over 24 hours, according to data released on November 13.
And what stands out most is that we're not seeing just one coin fall. The entire market is struggling to sustain recoveries.
The uncertain economic landscape, declining risk appetite, and liquidations of leveraged positions help explain some of this pressure.
The problem is that, while support levels continue to break, there are still no consistent signs that this pressure is nearing an end.
And HUMA is an even more extreme example of this situation.
While the market struggles, HUMA continues to hit all-time lows, reaching US$0.006276 after consecutive days of losses.
With this widespread market decline and HUMA plunging day after day, trying to guess where the bottom is feels like playing roulette.
We could be nearing seller exhaustion, or there could still be further declines ahead.
The big question now is: will the market find a stable level, or are we still far from seeing the end of this selling pressure?
#Bitcoin #Ethereum #ETH #HUMA #Crypto
The cryptocurrency market is facing another wave of selling pressure.
Bitcoin has fallen below the US$70,000 level, trading as low as below US$64,000. Ethereum also suffered significant losses, while more than US$1.6 billion in positions were liquidated over 24 hours, according to data released on November 13.
And what stands out most is that we're not seeing just one coin fall. The entire market is struggling to sustain recoveries.
The uncertain economic landscape, declining risk appetite, and liquidations of leveraged positions help explain some of this pressure.
The problem is that, while support levels continue to break, there are still no consistent signs that this pressure is nearing an end.
And HUMA is an even more extreme example of this situation.
While the market struggles, HUMA continues to hit all-time lows, reaching US$0.006276 after consecutive days of losses.
With this widespread market decline and HUMA plunging day after day, trying to guess where the bottom is feels like playing roulette.
We could be nearing seller exhaustion, or there could still be further declines ahead.
The big question now is: will the market find a stable level, or are we still far from seeing the end of this selling pressure?
#Bitcoin #Ethereum #ETH #HUMA #Crypto
