Breaking news!!!
Just yesterday, 120,000 people were liquidated because of this!!!
It turned out that the root cause of yesterday's market turmoil was here. It caused 120,000 people to be liquidated within 24 hours, involving an amount of up to 456 million US dollars, of which long orders lost 391 million US dollars and short orders lost 65.7626 million US dollars.
The main reason for the gradual decline in Bitcoin prices is that the development of 11 Bitcoin ETFs has stagnated, the inflow of funds has slowed down, and even last week there was an outflow of 580 million US dollars.
On the 18th, 9 ETFs reduced their holdings of 2,824 BTC in total, worth about 182.6 million US dollars, which shows that these institutions are shipping.
An international financial expert analyst predicted the future trend of Bitcoin. He believes that after a brief rebound, the price of Bitcoin may fall again.
He pointed out two key support levels, $57,000 and $52,000, which are considered strong support. When the price of Bitcoin is near these two support levels, the market may begin to restore bullish sentiment.
He also predicted that by the time of the US election in November, the price of Bitcoin is expected to rise sharply.
