👀👀Bitcoin Faces Uncertainty Amid Massive Liquidations and Market Instability 👀👀

The recent decline in the value of Bitcoin (BTC) has put the cryptocurrency market in an uncertain state and increased efforts among investors to manage bear trends that contradict fundamental bullish expectations. “Despite significant liquidations, there is an increase in new long positions, preventing a complete market reset,” said crypto analyst Willy Woo. says.

Bitcoin's price dropped from $62,000 to $53,300, creating widespread concern among cryptocurrency enthusiasts. In just three days, this sudden decline led to the liquidation of $263 million in long positions. However, market reaction was mixed; Some investors expect a recovery in the short term by increasing their positions.

According to analyst Willy Woo, the differences between futures and spot trading play a critical role in the current market scenario. Woo notes that futures can create bear markets and contribute to market volatility and possible declines. According to the Bitcoin Open Value Oscillator, there are still approximately half a million open long positions in the futures market; liquidation of these positions

Currently, Bitcoin is trading at 56.961 $ and is showing signs of stabilization after falling to 53.300 $ . However, technical analysis shows that Bitcoin has not yet experienced the 17% decline caused by the double top formation. This analysis predicts that Bitcoin could fall to the 50,900 $ level, which could trigger further long position liquidations and intensify bearish trends.

Despite the bearish outlook, there could be a potential recovery if Bitcoin bounces back from the 55,000 $ support level and regains the 58,800 $ resistance as a new support. Such a move could invalidate the bear scenario and Bitcoin could hit 60 levels again.It could pave the way for it to climb to 000 $ .