Why did Bitcoin plummet before the halving? Has the S3 season begun? Can the spring of the cottage market come again?
Another plunge before the halving?
Entering April, there is less than a week left before the fourth Bitcoin "halving", but in the generally optimistic mood of the market, the market has once again seen a sharp decline. $70,000 seems to have become a difficult barrier for Bitcoin to overcome. After several failed breakthroughs, it has once again ushered in a rapid decline, reaching $600 million last night.
Affected by this, the crypto market has once again ushered in a liquidation amount of over 100 million. According to Coinglass data, in the past 24 hours, the entire network has liquidated $935 million, of which long orders have liquidated $753 million and short orders have liquidated $182 million.
Has the S3 season begun?
On April 13, Iran attacked Israel, and the geopolitical crisis in the Middle East further intensified, with the price of Bitcoin falling by more than 8.2%. Minutes after the attack, the price of Bitcoin plummeted from $67,000 to $61,624, wiping out more than $130 million in market value.
