🚀 Crypto Market Takes a Breather! 🚀
- Bitcoin has dipped below $93,000, with $430 million in long liquidations. This follows a record $5.4 billion purchase by MicroStrategy last week.
- Spot Bitcoin ETFs saw a $438 million outflow, pausing the momentum towards the $100,000 milestone.
- Ethereum also faced a decline, trading at $3,368, with a shift in implied volatility towards puts.
Despite the pullback, this is a natural correction after an overbought market. With US holidays and upcoming economic data, the market is taking a breather.
What are your thoughts on this market correction? Share in the comments! 📈