Bitcóin He extended his recoil from historical maximums on Tuesday, triggering a liquidation event that eliminated almost 500 million dollars in long -signed positions and underlining the volatile foundations of the recent rebound.
At the time of publication, The price of bitcóin It has dropped 1.2% in the last 24 hours and almost 3% from its historical maximum of 126,080 dollars established on Monday, according to Coingcko data. Ethereum losses It exceeded those of Bitcoin, with ETH contributing down 4.6% in the day, to $ 4,492.
Market correction forced the closure of more than $ 635 million in total leverage cryptographic positions in all bags during the last day, of which $ 489 million were long positions. Ethereum’s long positions were the most affected by the recession, with 142 million dollars, exceeding 114 million dollars in long Bitcoin settlements, according to Coinglass data.
Ryan Lee, head analyst of the Universal Bitget exchange, said Decipher That the liquidation is due to a confluence of factors, including the profits after a 10% rebound in the last two weeks.
“The gold rebound this week has probably joined the short -term pressure on Bitcoin,” Lee said, explaining that part of the macro -centered capital is rotating towards the precious metal. He pointed out that “confusing macroeconomic signals” and a stronger dollar create an environment of risk aversion.
The American dollar index (DXY), which measures the strength of the green ticket in front of a basket of currencies, reached an intradiary of 98,989 on Wednesday, a significant increase since the minimum of September 17, 96,218, according to TrainingView data.
Bitcoin cools but analysts remain optimistic. Because?
Lee sees the fall as a healthy correction instead of a trend change, with another fall from 3% to 4% before prices stabilize and try a break above $ 126,000. An upward impulse sustained beyond the current historical maximum could lead Bitcoin to the range of $ 132,000 to $ 135,000, he suggested, a prognosis subject to the improvement of the feeling of the market and the sustained entries of ETF.
In the Myriad Prediction market, launched by DecipherDastan, Dastan’s parent company, the feeling of users has constantly remained optimistic in recent days, and predictors place 57% chance of Bitcoin reaching $ 140,000 instead of falling to $ 110,000.
Despite the short -term pressure, Bitcoin’s long -term drivers remain intact, as previously reported Decipher.
Analysts point out a persistent “degradation trade” fed by growing fiscal deficits and a search for immune assets to bad government management, which continues to support the upward narrative for the emblematic asset of cryptocurrencies.
Why the Altcoins are delaying while Bitcoin and Ethereum shoot
Echoing this structural optimism, Austin King, co -founder of the Unified Decentralized Financial Terminal, he said, he said Decipher That he hopes that the fourth quarter will be an “exciting quarter for the cryptography industry”, since investors are increasingly resorting to Bitcoin as coverage against global political instability.
(Tagstotranslate) Market Correction (T) Bitcoin (T) Ryan Lee (T) Ethereum