🚨📉 Standard Chartered claims that the price of #Bitcoin could still drop to $50,000.

"The BTC falling below the $60,000 mark has reopened the path towards the $50,000-52,000 range."

According to them, consecutive outflows from spot Bitcoin ETFs in the U.S. and the fact that the average purchase price of ETFs is currently below $58,000 poses a liquidation risk.