💥 Bitcoin’s Wild Ride: From $104K to $90.5K and Back
On the night of Dec. 5-6, Bitcoin plunged over 13%, dropping from its ATH above $104K to $90.5K before bouncing back to $98K. 📉🚀
👀 Rachel Lucas from BTC Markets explained the crash as “leverage unwinding,” triggering stop-losses and forced liquidations. Retail traders overleveraged during the ATH, while whales strategically distributed their holdings. Liquidations spiked to $564M—the highest since June 2024.
🔎 Despite the volatility, market experts at the Emergence conference see no signs of the bull run ending, pointing to relatively low retail involvement compared to previous cycles.
Meanwhile, altcoins stayed calm, with top-10 assets showing modest declines.
💰 Crypto life academy | Business Tips 🔻 Goals🔺 | Crypto 💎
On the night of Dec. 5-6, Bitcoin plunged over 13%, dropping from its ATH above $104K to $90.5K before bouncing back to $98K. 📉🚀
👀 Rachel Lucas from BTC Markets explained the crash as “leverage unwinding,” triggering stop-losses and forced liquidations. Retail traders overleveraged during the ATH, while whales strategically distributed their holdings. Liquidations spiked to $564M—the highest since June 2024.
🔎 Despite the volatility, market experts at the Emergence conference see no signs of the bull run ending, pointing to relatively low retail involvement compared to previous cycles.
Meanwhile, altcoins stayed calm, with top-10 assets showing modest declines.
💰 Crypto life academy | Business Tips 🔻 Goals🔺 | Crypto 💎