Behind the Bitcoin Plunge: $540 Million Long Liquidation Triggers Market Turmoil!

Bitcoin experienced a sharp correction yesterday, dropping to the $95,000 mark, primarily due to the forced liquidation of $540 million in long positions. This wave of liquidations plunged the market into panic, triggering stop-loss orders for many investors, leading to significant price fluctuations.

The occurrence of long liquidations often serves as a barometer of market sentiment. Previous instances of large-scale liquidations have been accompanied by considerable price volatility, and this drop also reminds us that the Bitcoin market is still filled with high leverage and extreme volatility risks. Nevertheless, the support around the $95,000 level may offer a glimmer of hope for Bitcoin, potentially leading to a rebound in the short term.

Don’t be blinded by short-term fluctuations. Brother Tang teaches you to set your target, take steady steps, and witness the explosion of wealth with a smile! Follow Brother Tang to journey from confusion to freedom!

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