Bitcoin broke $100,000 and then experienced a flash crash! Multiple indicators are warning of a pullback in BTC: excessive leverage, slowing buying pressure...

2024-12-06 10:45:28

Abstract generation in progress

After BTC broke through $100,000 for the first time yesterday, it experienced a flash crash, dropping to a low of $90,500 this morning with a Long Wick Candle. CryptoQuant analyst Maartunn’s analysis today indicated that the flash crash in BTC price was actually foreseen by on-chain indicators, including excessively high leverage and a slowdown in buying pressure. Glassnode co-founder Negentropic also issued a warning. (Background: Wall Street Bernstein: BTC will replace gold within ten years and soar to $200,000 by the end of 2025.) Additionally, Bernstein today expressed its belief in BTC surpassing market cycles and the increasing institutional adoption and regulatory clarity serving as catalysts for unprecedented price surges, expecting BTC to reach a cycle high of $200,000 by the end of 2025.

BTC-0,29%

ETH-0,43%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.