Bitcoin fell again this week, with the market seemingly reacting to a chart glitch on Tradingview.
The price of Bitcoin fell to around $95,000 after social media users flagged an anomaly on the platform's Bitcoin chart, which erroneously showed that Bitcoin's share of the total cryptocurrency market capitalization had fallen to 0%.
Although the data was later fixed, it triggered a sudden trading reaction that sent bitcoin prices lower. According to CoinGlass data, about $33 million in long bitcoin positions were liquidated within four hours.
Bitcoin's market dominance has recently become a focus for traders as the price of Bitcoin climbs to a record high, leaving altcoins lagging behind. In mid-November, Bitcoin's share of the entire cryptocurrency market capitalization once exceeded 61.5% before falling back, which to some extent raised market expectations for a potential "alt season is coming." (Cointelegraph)

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