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Bitfinex Report: Market Faces Heavy Losses but Hope Remains, Potential Rebound if BTC Maintains $110,000
Summary: According to reports from Bitfinex Alpha, last week Bitcoin dropped from above $126,000 to below $103,310, a decrease of 18.1%, triggering the largest nominal value liquidation event in cryptocurrency history. However, historically, markets tend to experience a 'mechanical' rebound after such liquidation-driven sell-offs. For Bitcoin, if it can reclaim and maintain above $110,000, it will ...
According to reports from Bitfinex Alpha, last week Bitcoin dropped from above $126,000 to below $103,310, a decrease of 18.1%, triggering the largest nominal value liquidation event in cryptocurrency history. However, historically, markets tend to experience a 'mechanical' rebound after such liquidation-driven sell-offs. For Bitcoin, if it can reclaim and maintain above $110,000, it will confirm entry into a stable phase and open up a rebound target around $117,000 to $120,000; otherwise, it may face retesting the $100,000 price region.
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Link: Bitfinex Report: Market Faces Heavy Losses but Hope Remains, Potential Rebound if BTC Maintains $110,000 [Copy]
