Bitcoin despencou acima de 100.000 e toda a rede liquidou US$ 560 milhões
Após o Ano Novo de 2025, o Bitcoin voltou a ultrapassar os US$ 100.000, mas durou apenas cerca de um dia antes de iniciar uma onda de correção. No momento em que escrevo hoje (1/8), o Bitcoin estava cotado a US$ 97.041, uma queda intradiária de 4,7%, com o preço mais baixo atingindo cerca de US$ 96.000.
Os dados da CoinGlass mostram que nas últimas 24 horas, mais de 170.000 pessoas liquidaram suas posições no mercado global de criptomoedas, com um valor total de liquidação de aproximadamente US$ 560 milhões. Entre eles, o valor de liquidação de pedidos longos (pedidos de compra) ultrapassou. US$ 500 milhões, superando em muito o valor das posições vendidas. O valor de liquidação da ordem (ordem de compra ou venda).
Source: CoinGlass Bitcoin plummeted from over 100,000 USD, with a total liquidation of 560 million USD across the network.
Besides Bitcoin, other major cryptocurrencies also experienced a pullback, including Ethereum ($ETH) and Solana ($SOL) with declines of 7%, while Avalanche ($AVAX) and Chainlink ($LINK) fell even more, down 8% to 10%.
What caused the sudden drop in Bitcoin?
What caused Bitcoin to suddenly plummet from over 100,000 USD to around 96,000 USD?
Foreign media (CoinDesk) believe that the main reason for Bitcoin's decline is related to strong economic data from the United States. The US Bureau of Labor Statistics reported that the November JOLTS job openings data unexpectedly rose from 7.8 million the previous month to 8.1 million, far exceeding analysts' expectations of 7.7 million.
At the same time, the December ISM Services Purchasing Managers' Index (PMI) also reached 54.1, higher than the expected 53.3 and the previous month's 52.1. Among them, the prices paid sub-index soared to 64.4, far exceeding the expected 57.5 and the previous month's 58.2.
These strong economic data led the US 10-year Treasury yield to rise by 5 basis points to 4.68%, approaching a multi-year high.
The CME FedWatch tool shows that market expectations for a rate cut in March have dropped from nearly 50% a week ago to 37%, and the likelihood of a May rate cut has also fallen below 50%. Kyle Chapman of the Ballinger Group noted that investors now expect only one rate cut for the entire year of 2025.
Source: FedWatch CME Group FedWatch tool: Expectations for a rate cut by the Federal Reserve in March have declined.
On the other hand, Material Indicators co-founder Keith Alan pointed out that this drop is related to 'spoofing' operations, a behavior where large funds intentionally transfer liquidity on the order book, causing prices to fluctuate significantly in a short time. He marked several traces of liquidity transfer blocks in the liquidity data of the order book shown below.
Source: Material Indicators Experts believe that Bitcoin's drop is related to 'spoofing' operations.
What will be the future trend of Bitcoin? Is it likely to drop to 92,000?
Regarding Bitcoin's future, analysts are cautious. Trader Justin Bennett warned that if Bitcoin falls below the support level between 97,000 and 98,000 USD, it may retest the low of 92,000 USD; another analyst, Scott Melker, also believes attention should be paid to the 50-day moving average support, which happens to fall near the aforementioned support area.
Analyst Cheds Trading focuses on the head and shoulders pattern in Bitcoin's daily trend, indicating that the current pullback may affect Bitcoin's chances of reaching a new historical high again, and noted that it is a normal pullback, with several support levels falling between 95,000 to 96,000 USD and around 92,000 USD.
Source: Cheds Trading Cheds Trading analyzes Bitcoin support levels.
Well-known analyst Rekt Capital stated that Bitcoin needs to maintain a daily closing price above 101,165 USD to confirm a successful retest; if Bitcoin wants to regain upward momentum, it must stabilize above the 100,000 USD mark.
Further reading:
Investment basics you must learn! What are candlesticks? What patterns are there? Understand it all in 3 minutes.
'Liquidation over 500 million! Bitcoin dropped back to 96,000 overnight, analysts: fear further drop at this point' This article was first published in 'Crypto City'.
