Bitcoin’s $68K Support Faces A Major Liquidity Test

21m ago•

Cointribune

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The scene illustrates the drop of Bitcoin and Ethereum to their lowest levels in three months. In the foreground, a concerned investor, face covered in sweat, watches the market evolution with anxiety. At the center, two gigantic Bitcoin and Ethereum coins rest on a cracked ground, symbolizing their current fragility. In the background, a plunging red chart represents persistent selling pressure. Three crossed-out calendars recall the three months of decline. On the right, a massive question mark highlights the uncertainty regarding the continuation of the drop. Overall, it captures investors' fear in the face of a prolonged crypto correction.

Bitcoin fell below 69000 dollars after a new wave of liquidations, while Ether broke the 2000 dollar mark. However, the main danger no longer comes only from leverage. ETFs are emptying and the supply of stablecoins is decreasing, depriving the market of the necessary capital to absorb sales.

L’article Bitcoin’s $68K Support Faces A Major Liquidity Test est apparu en premier sur Cointribune.

21m ago•

Cointribune

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