🔥 Bitcoin Price Dips Below $67K, Pausing Hopes for ATH Rally
🔥 Bitcoin’s price dropped late Monday evening in Europe, falling below $67,000 and losing about 2.5% in the past 24 hours. Sellers have regained control, leading to uncertainty about the continuation of the rally.
⚡ The dip resulted in approximately $200 million in liquidations in the derivatives market, with nearly $70 million wiped out in the past four hours, mostly from long leveraged positions.
📉 Some traders, like X user Emperor, suggest Bitcoin might drop further to $62,000. While the market is in correction mode, the declines are still relatively marginal at the time of writing.
