🚨Bitcoin Price Correction Reportedly Nearing Completion🚨
☝️ Realized losses by Bitcoin traders have likely peaked, possibly marking the lowest point of the current BTC price slump.
With BTC price falling more than 15% from its all-time high, one analyst said that the bulk of the correction may be over for the largest cryptocurrency.
Bitcoin Correction Is 'Almost Over,' Says AnalystWith Bitcoin price falling below $93,000 on Dec. 20, Captain Faibik, an independent cryptocurrency trader, said that the BTC correction was nearing its conclusion
😫Bitcoin Realized Losses Hit $28.9 Million😫
With selling pressure mounting hourly, the volume of realized losses also surpassed its weekly average.
Axel Adler Jr, a Bitcoin on-chain analyst, highlighted that BTC realized losses over the past 5 days reached $28.9 million, 320% above its weekly average in 2024. The $28 million mark has only been surpassed 10 times this year.