▼ DUMP-1.89%in 20m→ -3.01% total
$86,579 → $83,972
Bitcoin's price dropped 3.01% as long liquidations surged to $280 million following a dip below the critical $84,000 level, exacerbating selling pressure in the market. The expiration of nearly $18 billion in bitcoin options on Friday contributed to heightened volatility and dealer hedging adjustments. Additionally, the Fear & Greed Index remains in the greed territory at 71/100, indicating a potential overextension in market sentiment. These factors combined to create a challenging environment for BTC prices, leading to the significant decline observed today.
Confidence
75%