Bitcoin (BTC) experienced a sharp decline, falling to $78,197 per coin, its largest drop in months. Currently, it remains below the $80,000 threshold at $79,875, indicating a bearish trend. Over the past month, Bitcoin has lost 7% against the US dollar and 21.9% overall, reaching levels not seen since November 2024. Selling activity is dominant in the market, with $79.64 billion in BTC trades favoring exits. There is an arbitrage gap, with BTC being priced differently globally and in South Korea. Tether (USDT) remains the primary trading counterpart for BTC. Derivatives markets experienced significant liquidations, with $955.12 million being liquidated in the past day. This decline reflects wider trends in the financial market, including ETF withdrawals, macroeconomic concerns, and volatile trading patterns. Despite the current downturn, experts argue that it is a healthy risk release within a bull market. Medium to long-term investors may consider buying the dip, but they should closely monitor support levels and macroeconomic policy changes. As of the latest update, BTC is slightly above the $80,000 range.



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