[BTC plunges sharply, what is the outlook for the future? 】🔥

Yesterday, there was still a strong rebound, but Bitcoin suddenly lost the $56,000 mark today! $BTC

In the past 24 hours, the market has fluctuated violently, triggering a liquidation storm of up to $202 million, of which the long camp suffered heavy losses, and about $171 million evaporated in an instant.

It is worth noting that the open interest of Bitcoin has shrunk by 4.67% in the past 24 hours. This data is parallel to the price drop, revealing that the long camp is experiencing a widespread retreat, or foreshadowing that the market is about to usher in a new rebound opportunity.

At present, the fear and greed sentiment index of the cryptocurrency market is deeply trapped in the "fear" zone, and has bottomed out at 28, which is the lowest point since the FTX storm in January 2023!

As the market proverb says: "When everyone is afraid, I am greedy." At present, the market is full of low-priced and high-quality chips, which is a good opportunity to deploy spot, especially leading strong currencies such as $SOL. From a long-term perspective, such investments may bring rich returns.