While the selling pressure continues in the cryptocurrency markets, Bitcoin fell to $ 66 thousand 100 during the day, reaching its lowest level in the last two months. This sharp decline in Bitcoin, which is shown as the locomotive of the market, worried investors. Sales by institutional investors and the decrease in global risk appetite were effective in the decline in Bitcoin. Especially the sales made by Strategy, which is shown as one of the most important institutional Bitcoin investors, attracted attention.
The fact that the company sold some of its Bitcoin assets and previously transferred a large amount of Bitcoin to exchange wallets increased expectations that new sales may occur in the market. 768 MILLION DOLLARS Evaporated. The sharp decline in the cryptocurrency market also negatively affected futures investors. Approximately $768 million worth of positions were liquidated in the last 24 hours. While most of the losses were long positions opened with the expectation of an increase, a significant portion of the liquidated transactions took place in Bitcoin and Ethereum.
Experts state that increasing uncertainties in global markets and investors’ tendency to move away from risky assets have increased the selling pressure in the cryptocurrency market. It is stated that the recent fluctuation in the stock markets has put additional pressure on cryptocurrencies. SOME TOKENS INCREASED DOUBLE-DIGITS On the other hand, despite the general downward trend, some artificial intelligence-themed crypto assets diverged positively.
While some tokens in this category recorded double-digit increases during the day, the downward trend continued in the rest of the market. Experts emphasize that global economic developments and institutional investor movements will continue to be decisive in the short-term course of Bitcoin.
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