Bitcoin Market Sees Deep Correction with Over $650M in Liquidations
Recent data shows that the crypto market experienced around $650 million in liquidations over the past 24 hours, with Bitcoin accounting for over 40% of this amount. This highlights the current market volatility and the stress on leveraged positions.
Gold Contrast Intensifies, Highlighting Appeal of Traditional Safe-Havens
In the face of rising macroeconomic uncertainties, traditional safe-haven assets like gold have outperformed Bitcoin, prompting investors to reassess their portfolio strategies.
Market Sentiment Remains Cautious as Technical Support Faces Test
Several market observers have noted that if the current downtrend persists, Bitcoin may test the $60,000 level. This expectation has led to more defensive positioning among investors to guard against potential downside risks.
- Bitcoin's share in liquidations exceeds 40%
- Traditional assets like gold outperform crypto amid uncertainty
- Market expects further downside potential