Bitcoin Updates Today: Bitcoin Plummets: 2022 Concerns Return as $1.1 Billion in Liquidations Rattle the Market
- Bitcoin's drop below $90,000 triggered $947M in liquidations and $738M long-position risks, signaling heightened market fragility. - Institutional ETF outflows ($2.59B for Bitcoin , $728M for Ethereum) reflect waning demand amid post-rally profit-taking and macroeconomic uncertainty. - Technical indicators warn of $848M liquidation risks if Bitcoin breaches $92,000, with analysts cautioning a potential four-year bear market if $85,000 support fails. - Market sentiment mirrors 2022 FTX collapse fears as $
Bitcoin’s recent dip below $90,000 has heightened market turbulence, leading to significant liquidations among leveraged traders and prompting institutional investors to pull out, fueling worries about a prolonged bear market.
The downturn has been worsened by a steep drop in institutional interest in Bitcoin and
The current fragility in the market has drawn parallels to the FTX collapse in 2022, as
Investor sentiment is split. Some see the decline as a buying opportunity, highlighted by Strategy’s $835 million Bitcoin acquisition and Michael Saylor’s optimistic outlook, which contrast with the prevailing pessimism
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