Over the past 30 hours, the $BTC price has fallen by - 12%. The price drop is accompanied by huge sales volumes and the liquidation of $500M of traders in the last 24 hours.
The opening of the ETF in Asia could not keep $BTC from falling - the post-halving correction is in full swing
☑️The crypto market is disappointed, the total value of the BTC trading Volume in Hong Kong reached only $12M on the 1st day ☑️$BTC fell below the local support level of $62,700 and continues to fall on the big volume of sales
#Bitcoin❗️ falls, but the Asian market could fix it tomorrow
$BTC has moved out of its recent price range that it has been trading within for the past 10 days.
The price decrease suggests a lack of demand for Bitcoin, but for a total correction, the price would need to drop below $60,000.
Additionally, trading for #BitcoinETFs will launch tomorrow in Hong Kong.
It is worth noting that the Asian crypto market is substantially larger than the combined European and American markets, which could potentially support the $BTC price and bring it back above $62,700.
☑️ At the same time, the purchase volumes are still much less than the volume of the previous sales. ☑️ We should see how #BTC will break up the most important resistance level of $65K, but now the price even don't approach it
I am still skeptical about the BTC rising, we should wait the further correction
#BitcoinHalving2024: will be after 2 days and everyone discussing Epic Sat 🤩 So what is it ...
☑️ $BTC mining companies will try to mine the first block that appears after the halving to get an "epic" #Satoshi (sat) with an estimated value of several million dollars
☑️ About two years ago, the creator of the Ordinals protocol based on the BTC blockchain developed a system for classifying the rarity of individual sats (1/100M of BTC)
☑️ One of the rarity levels is occupied by the “epic” sat mined in the first blocking block after each halving.
☑️ Ordiscan founder Tristan admitted that #Ordinals collectors could “conservatively” value the assets at $50 million 🤑