Bitcoin faced a sharp decline on December 6, as it decreased to 97,000 dollars after briefly reaching the highest level at 103,900 dollars just one day ago. This decrease came amid an important event to liquidate the market, as traders lost more than $ 565 million in bitcoin positions alone.
Market references reach $ 1.09 billion
The encryption market has witnessed an amazing interest of $ 1.09 billion over the past 24 hours, as Bitcoin represents more than half a billion dollars from the total. Follow Ethereum ($ 107 million) and Ripple’s XRP ($ 54 million) with the market response to price fluctuations.
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- The collapse of the liquidation:
- Bitcoin (BTC): $ 565 million
- ETHEREUM (ETH): $ 107 million
- Ripple (XRP): $ 54 million
Long situations dominate the liquidation
According to data from Coinglass, long situations carried the loss of losses, representing $ 814 million of references. The pants have seen much lower losses at $ 280 million. More than 208,500 traders are filtered, with the largest liquidation on OKX for $ 18.94 million.
The biggest filter since August
The most prominent Macrocrg, a prominent market analyst, is that this event is the largest liquidation since August 2024 and the most essential for the current profit. Another social media analyst compared the event scale by liquidating the Taurus 2021 market, exposing and flipping the enthusiasm of the market.
Bitcoin price trip
Bitcoin has been combined with approximately $ 98,000 in recent weeks before the 100,000 dollar psychological barrier has risen on December 4. They are preparing an increase in the daily stage by more than 5 %, which is the highest new level ever at 103,900 dollars.
Even US President -elect Donald Trump acknowledged on the occasion of Bitcoin and congratulated the encryption community in a post on his social media platform, which leads to his optimism.
Congratulations bitcoiners !!! $ 100,000 !!! You’re welcome!!! Together, we will make America great again!
Donald Trump Social Truth 07:55 AM EST 12/05/24 Realdonaldtrump
– Donald J December 5, 2024
Prices and market morale
While withdrawing to $ 97,000 raises questions about the stability of prices in the short term, market analysts and institutions remain up. Many expectations put the next Bitcoin goal between $ 200,000 and $ 500,000, which reflects confidence in its long -term path.
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there It indicates that the encryption It will be distributed to the players for two years instead of each time. This approach is likely to be designed to prevent a decrease in prices after listing, with the intention that only “whales” will remain Buy your coins gradually.
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Instructions
Why did Bitcoin decrease to less than $ 100,000 after reaching the highest level ever?
The market rank led the decline, as more than $ 1.09 billion has been eliminated through the encryption market within 24 hours, mainly affecting long positions.
What leads the current bitcoin price?
The last Bitcoin gathering is due to institutional demand, the increase in the instant ETF activity, and the broader dependence by the influential personalities and companies.
What are the next price goals from Bitcoin?
Analysts and institutions expect more gains, with expectations ranging between 200,000 and 500,000 dollars, as the market momentum continues until 2025.
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