Bitcoin is in a “perfect” position from a macroeconomic perspective, but $500M+ in liquidations could create major volatility.
- Jamie Coutts of Real Vision says BTC is primed for a major rally thanks to global M2 money supply and spot Bitcoin ETFs.
- BTC is recovering from the $510B sell-off, but remains below the psychological $60K mark.
- If BTC falls below $58K, $489M in shorts could be liquidated, and below $57K, $800M.
Will BTC break the two-week downtrend?
- Rekt Capital says BTC needs strong buying volume to break the downtrend.
- Some analysts predict BTC could correct to $55K before rallying again.
What do you think of this trend? Comment below! 🚀