TechFlow reported on December 27 that Cointelegraph reported that a user of the X platform disclosed that the TradingView platform once mistakenly showed that the market value of Bitcoin dropped to 0%, and the fault was subsequently fixed. As a result, the price of BTC fell rapidly by about 4% from its high to around $95,000, and about $33 million of long positions were forcibly liquidated in the past 4 hours.
Analyst Satoshi Flipper said on social media that the sell-off may be due to panic caused by the abnormal Bitcoin market share data shown on TradingView. In recent weeks, Bitcoin's market share has been a key topic of concern for traders. Data shows that Bitcoin's market share briefly exceeded 61.5% in mid-November, and then fell back.
