10x Research: bitcoin likely to fall further to $50,000
Bitcoin is likely to fall further to $50,000, according to analysts at 10x Research. Breaking the psychological benchmark of $60,000 and heading down toward $50,000 marks a major shift in market sentiment, which 10x Research attributes to the fact that the buying flow is drying up "while the selling flow is accelerating."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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In the past 24 hours, liquidations across the entire network reached $1.037 billion.
Data: 100 WBTC transferred out from Galaxy Digital, worth approximately $9.51 million
Data: 1.927 million ENA flowed into a certain exchange's Prime, worth approximately $5.51 million
Data: If ETH breaks through $3,353, the total short liquidation intensity on major CEXs will reach $1.11 billions.
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