🔥 Many people don't realize that it took a lot of selling pressure to push the price of #Bitcoin down to 50k or deeper to 40k USD right now. Even getting down to $60,000 is not as easy as people think.
💪 For the price to increase from a low of 56,000 USD to a recent high of 72,000 USD, the market only needed about 400 million USD of net buying power on major exchanges such as #Coinbase and #Binance .
👉 On the contrary, for the price to fall from a high of 72,000 USD to the current low, the market needed more than 1.5 billion USD of net selling force. And yet, the price has yet to break the previous low of $56,000.
