CoinVoice has learned that, according to QCP's latest report, Bitcoin's price has fallen below $93,000, resulting in over $430 million in long positions being liquidated. This drop occurred after the spot Bitcoin ETF ended five consecutive days of net inflow, recording a capital outflow of $438 million on Monday, while MicroStrategy's stock price fell by 4.4%.
Previously, MicroStrategy purchased a record $5.4 billion worth of Bitcoin last week. With the U.S. holiday approaching and a lack of catalysts to drive prices up in the short term, Bitcoin's momentum toward hitting $100,000 has temporarily stalled.
Ethereum's implied volatility is significantly skewed towards put options, reflecting market sentiment similar to that of Bitcoin. Currently, market sentiment is cautious, with investors focusing on tonight's Federal Reserve meeting minutes and Wednesday's core Personal Consumption Expenditures (PCE) data. [Original link]
