The cryptocurrency market has rebounded to a total value of 2.2 trillion.
Since July, apart from a significant surge on the 1st, it has been steadily declining in the subsequent days, resulting in billions of dollars being liquidated across the network! 📉
Germany and certain institutions have started selling off. What I'm curious about is why they didn't sell when it was above 70,000, but are now increasing their sales as it drops below 50,000?
It seems to mirror the behavior of retail investors ("leeks"), who tend to buy more as prices fall, while institutions sell more in such downturns.
The current support level is around 54,800, with a critical threshold at 50,000-52,000! Hang in there; few people are not losing money. It's now a game of endurance to see who can hold out the longest!