Bitcoin plummets! The $100,000 barrier was instantly lost, and the entire network was shocked by liquidation.
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The Bitcoin market is experiencing sharp shocks! The pressure at the $100,000 level could not last for a day. The price of Bitcoin quickly fell by more than 5%, hitting the support line of $95,000 in just a few hours, catching investors off guard. Panic spread rapidly in the market, and within 24 hours, the entire contract liquidation amount reached US$600 million, becoming the largest long liquidation wave in the market in recent times.
Many analysts pointed out that the decline may be related to the Fed's hawkish stance and macroeconomic uncertainty. The U.S. dollar index is strengthening again, and cryptocurrency markets are under pressure. Although Bitcoin has repeatedly tested the $100,000 level in recent times, it has failed each time, showing that the market is still insufficiently accepting of this price and lacks effective buying support.
Panic selling accelerated the outflow of market funds. The market value of cryptocurrency instantly evaporated by tens of billions of dollars, and many investors lost their money. Some analysts have warned that Bitcoin could plummet further to the $90,000 or even $85,000 support area.
As the market falls into panic, investors are advised to remain cautious in the short term and avoid high-leverage operations.
But I don’t agree with this statement. When the market pulls back, if you sell projects that you are optimistic about, you will never be able to seize the opportunity and lurk good projects, such as #Marvin Musk, which has recently had interactions between Buterin and Musk. Does the dog you raise have a familiar smell, and is it a bit similar to the rise of SHIB? Don't doubt that the wind is coming.
