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$BTC 150$ Billions Liquidations ! Why $BTC Bitcoin Falling ? Bitcoin price fell nearly 5% from the intraday high of $64,734 after the market participants shrug off spot Bitcoin and Ether ETFs launch in Hong Kong. The selloff momentum took BTC price even lower than yesterday’s price due to high leverages in anticipation of a relief rally. However, the crypto ETFs debut in Hong Kong was disappointing for the market. Moreover, the U.S. Spot Bitcoin ETFs have recorded the fourth consecutive day of outflow with over $51 million drained out. The crypto investment products registered three consecutive weeks of outflows, with the largest outflow of $435 million in recent weeks. Bitcoin Price Slips After Disappointing Hong Kong ETFs Debut Six spot Bitcoin and Ethereum ETFs in Hong Kong recorded only $12 million in trading volume on day 1, which is 383 times lower than U.S. Bitcoin ETFs debut. Immediately after the tepid volume day on ETFs, traders started shorting Bitcoin price. Coinglass reported the shorting of Bitcoin positions, causing BTC price to drop suddenly to a low of $61,451. This triggered a wider selloff in the crypto market and investors lost nearly $150 billion as the crypto market cap dropped to $2.24 trillion.

$BTC

150$ Billions Liquidations ! Why $BTC Bitcoin Falling ?

Bitcoin price fell nearly 5% from the intraday high of $64,734 after the market participants shrug off spot Bitcoin and Ether ETFs launch in Hong Kong. The selloff momentum took BTC price even lower than yesterday’s price due to high leverages in anticipation of a relief rally. However, the crypto ETFs debut in Hong Kong was disappointing for the market.

Moreover, the U.S. Spot Bitcoin ETFs have recorded the fourth consecutive day of outflow with over $51 million drained out. The crypto investment products registered three consecutive weeks of outflows, with the largest outflow of $435 million in recent weeks.

Bitcoin Price Slips After Disappointing Hong Kong ETFs Debut

Six spot Bitcoin and Ethereum ETFs in Hong Kong recorded only $12 million in trading volume on day 1, which is 383 times lower than U.S. Bitcoin ETFs debut.

Immediately after the tepid volume day on ETFs, traders started shorting Bitcoin price. Coinglass reported the shorting of Bitcoin positions, causing BTC price to drop suddenly to a low of $61,451. This triggered a wider selloff in the crypto market and investors lost nearly $150 billion as the crypto market cap dropped to $2.24 trillion.

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🗣 Binance Founder Changpeng "CZ" Zhao Gets 4 months in Prison 🗣️Binance Founder Changpeng Zhao (CZ) sentenced to 4 months in prison... CZ was jailed for 4 months, very lenient conditions. According to rumors, 1.5-2 years were expected. Do you think buyers will hold resistance at the $60k$ level? Yes "👍"; No - "😱" ❗❗Follow up guys ❗❗ #CZ #czprison #FreeCZ #btc #Write2earn
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##fomc #$BTC You can buy $BTC today and lose all your money in the next few months/years You can buy $BNB today and lose all your money in the next few months/years This is cryptocurrency We have no control over the market, the market can be manipulated but it can never be fully controlled Crypto is volatile, buying the top coins will not save you from losing your money in the nearest future We can wake up one morning and discover that Satoshi has activated his/her wallet and sold all the bitcoins in them and then we see more individuals like Elon Musk and Michael Saylor sell off their bitcoins and what about coinbase ? Coinbase holds almost 1 million BTC in total, what if they suffer an exploit and they have to sell off their bitcoins to settle customers ? What do you think would be the fate of Cryptocurrency if such ever happens at the same period ? All we are trying to say is Crypto is volatile, buying the top coins will not save you from losing your money in the nearest future Satoshi Nakamoto is the largest holder of Bitcoin, purported to be in possession of 1.1 million Bitcoin worth approximately $50 billion at today’s prices. Coinbase holds almost 1 million BTC in total. Binance, Grayscale and Bitfinex also hold large amounts, custodying over 600,000. 450,000 and 200,000 BTC respectively. Do well with this information If you find this information educative,entertaining, informative and helpful, please do well to support us by giving this post a Like 👍, Share and most importantly a Follow Let’s work together and get this post to over a thousand likes, we believe this post will get to over 5000 views and giving this post a like will only take you 1 second
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#BTC‬ "The Federal Reserve's decision to keep interest rates unchanged briefly boosted Bitcoin's price. The central bank also announced plans to slow Treasury bond sales and reduce monthly repayments. While the decision was expected, it may disappoint those hoping for a rate cut. The Fed indicated that high interest rates may be needed to combat inflation, but the economy remains resilient. Bitcoin's price is influenced by central bank policy and macroeconomic conditions, and some analysts predict it will surpass $100,000 as central bank balance sheets expand."
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#$BTC 🔥🔥$BTC TECHNICAL ANALYSIS🔥🔥 ✅So, it happened as I predicted...There is a huge mark down in the $BTC value and it has gone right through the support level. ✅This has double meanings. The first one is, as BTC was struggling to stay above 65000USD, we saw that there is not enough buying power left to overwhelm the sellers. So, sellers must have taken control of the market and pushed the price down. ✅This is very evident by the long bearish candles and their price action is validated by the volume. ✅The next one is, now only many retail traders who are hyped by this move are starting to enter selling positions. The major players in the market have already secured a lot of profit by now because they were planning this move, entered selling positions early and now their plan is completed. ✅So, while retail traders rally, the move by sellers is done. So, if you are expecting to jump into sell positions be careful. ✅If, the buyers are buying at this low price, there can be a rejection in the price. So, the close of the today's candle is very important. ✅If it managed to close below support level, there is a tendency that price may revisit the support level again to take unfilled orders before falling even further. Thats when retail traders should make their move. Follow..Like..Share.. Comment your thoughts.. 😇😇Tip if you find this information useful..Helps me a lot
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