📉 Bitcoin Drops to $92K, Erasing Weekly Gains
📊 Market data shows a demand-supply imbalance as buyer interest in Bitcoin cools, reports FalconX. Liquidity analysis reveals a tightening near $100K levels, similar to patterns seen only three times since 2022. 🧐
💡 Key Insights:
▪️Liquidity imbalance suggests a tough battle ahead to surpass $100K, though it doesn't threaten the medium-term rally.
▪️Bitcoin dominance fell from 60.1% (Nov 21) to 57.4% (Nov 26), indicating a shift of funds into altcoins.
🏦 Macroeconomic factors, like potential slowing rate cuts signaled by Fed Chair Jerome Powell, are also weighing on BTC.
Long-term outlook? Experts remain optimistic despite the current correction. 🚀
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📊 Market data shows a demand-supply imbalance as buyer interest in Bitcoin cools, reports FalconX. Liquidity analysis reveals a tightening near $100K levels, similar to patterns seen only three times since 2022. 🧐
💡 Key Insights:
▪️Liquidity imbalance suggests a tough battle ahead to surpass $100K, though it doesn't threaten the medium-term rally.
▪️Bitcoin dominance fell from 60.1% (Nov 21) to 57.4% (Nov 26), indicating a shift of funds into altcoins.
🏦 Macroeconomic factors, like potential slowing rate cuts signaled by Fed Chair Jerome Powell, are also weighing on BTC.
Long-term outlook? Experts remain optimistic despite the current correction. 🚀
🔺Crypto Learn |🌐News |
🔵 Business | Tips✔️