Bitcoin experienced a 5% price decline, raising concerns among investors about the potential for further losses. Short-term price trends remain uncertain, with some analysts warning that Bitcoin could still "flush" to a lower price point, possibly around $60,000.
This rapid shift in price comes as Bitcoin eliminated a record amount of open interest, indicating a market resetting. While this could be a natural correction, investors are closely monitoring for signs of further dips.
Fuente: cointelegraph.com ↗