$BTC

The decline in Bitcoin prices was also exacerbated by low market liquidity and high volatility. Massive liquidations in the crypto market have wiped out $175 million worth of long positions and $35 million worth of short positions, bringing total liquidations to around $210 million. These liquidations exacerbate selling pressure and create a downward price spiral that is difficult to stop. According to Ryze Labs, a Web3-focused venture capital firm, the broader market is experiencing the impact of a liquidity shortage in the second quarter of 2024. The US Federal Reserve recorded a large increase in repo balances reversed, indicating a significant reduction in liquidity. China's reduction in liquidity injections from February 2024 could also tighten global liquidity, potentially affecting crypto prices and increasing volatility.ConclusionBitcoin's price drop below $55,000 and falling mining difficulty signal major challenges for the crypto market. Factors such as market uncertainty, sales pressure from the German government, and creditor refunds of Mt. Gox played an important role in creating significant selling pressure.Investors need to remain alert to high volatility and make wise investment decisions based on in-depth analysis and thorough understanding of the crypto market.#Binance #Binancetournament #Menuju7TahunBinance #bitcoin #analisa