Bitcoin has just gone through a tumultuous week as the price failed to surpass the 100,000 USD mark as expected. 📉
- After reaching a new peak above 99,800 USD on Friday, BTC was pushed back down below 95,000 USD due to pressure from the bear market.
- Although MicroStrategy announced the purchase of an additional BTC worth over 5 billion USD, the price still sharply declined, hitting a daily low of 94,550 USD.
- Many altcoins such as ETH, SOL, BNB also decreased by 2-3% in the past hour.
- Data from CoinGlass shows that the total value of liquidated positions has exceeded 430 million USD in the day.
This volatility highlights the instability of the market, although the long-term prospects of blockchain remain promising. 🚀