🚨$140 million liquidated from the crypto market in the past 4 hours!

⚠️#Bitcoin is on the brink of dropping below key support levels, risking further declines as we enter May.

📉The cryptocurrency, dominating over 51% of the market with a $1.2 trillion cap, has seen its price fall to $60,800. Technical indicators like the MACD and a potential "death cross" suggest a bearish trend, possibly pushing the price down to $56,000 according to analysts.

➡️ $BTC ETFs, once a boost to the market, are now slowing, although new opportunities in Asian markets might offer some support to prices going forward.