Imagine holding a Bitcoin worth a fortune, immersed in the market's excitement as prices reach new highs. Suddenly, the situation changes – a 'liquidation storm' sweeps through, with over 300,000 people globally instantly 'liquidated,' and the liquidation amount exceeds $1 billion! This is not a fictional scenario, but a true reflection of the Bitcoin market. 📉
On Friday, Bitcoin fell below $98,000, with a drop of over 2.36%, dipping to $95,672.2 at one point. Have you felt the market turbulence? Is that storm just a brief fluctuation, or a deeper market warning? 🤔
In this volatility, liquidity expert Sean McNulty pointed out that after the Fed meeting, the demand for hedging increased sharply due to Bitcoin's decline, and market sentiment became unusually tense. Revo Digital's investment officer Zann Kwan even boldly predicted that Bitcoin might pull back to around $90,000 in the short term. Will this prediction come true? 💭
Economists are starting to speak out, warning that Bitcoin may face the fate of the 'internet bubble.' David Rosenberg bluntly stated that the booming stock market and Bitcoin trading amidst a global economic downturn are signs of a bubble. What do you think? Is this warning worth our attention?
There’s also Bitcoin's 'old rival' – Peter Schiff, who firmly believes Bitcoin is the biggest bubble in history! He pointed out that Bitcoin's market value has exceeded $2 trillion, even surpassing the total market value of companies before the internet bubble burst. Does this data make you rethink the market?
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The above content is for information sharing only and does not constitute any investment advice!
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