According to Cointelegraph, on December 26, BTC experienced fluctuations due to incorrect TradingView chart data, with the BTC price briefly dropping by about 4%.
TradingView's Bitcoin market share chart shows that BTC's share has fallen to 0%, triggering panic selling in the market and leading to a decline in BTC/USD. CoinGlass data indicates that approximately $33 million in BTC long positions were liquidated within four hours.
Trader Satoshi Flipper pointed out that the TradingView error led to an overreaction in the market. Aqua believes that BTC's market share has returned to 2021 levels and is expected to decline, forecasting that ALTs will perform better than BTC in the coming months. Analyst Michaël van de Poppe compared the potential of ALTs to the early 2000s internet bubble, suggesting that ALTs are still undervalued. Investors Eljaboom and Xoom are optimistic about BTC's short-term outlook, expecting BTC prices to surge significantly in the first quarter of 2025.
