Bitcoin fell nearly 10% last week. According to Bitfinex analysts, this is seen as a “healthy realignment” that reduces the risk of a sudden price drop.

- Bitcoin rose to $66,600 on September 27.

- Geopolitical tensions in the Middle East and concerns about the US economy have reduced investors’ risk appetite.

- Bitcoin fell 9.94% between September 27 and October 4.

- Open interest fell from $35 billion to $31.8 billion.

- $450 million worth of long positions were liquidated in early October.

- Analysts said it was premature to draw definitive conclusions about the short-term market direction.