The encryption references reached $ 600 million, as BTC decreased to less than 80,000 dollars for the first time in 25 days
Bitcoin price decreased sharply during the weekend, as it decreased by 7 % to the lowest level in 25 days amid increasing commercial tensions and liquidity in the market.
Bitcoin is trading $ 80,000 for the first time in 25 days, as commercial tensions worsen
Bitcoin price decreased sharply during the weekend, as it decreased by 7 % to its lowest level in 25 days of $ 79,000 on Sunday April 6. This represents the first time that BTC trading is less than $ 80,000 in 25 days dating back to March 11,
After showing the initial flexibility last week, BTC now handed over the gains made late in the week
Amid the escalation of global trade tensions, the Haboodi feelings with Bitcoin (BTC) flared up during the weekend. Tradingview data shows that the BTC price is trading at $ 78,964, according to CoinmarketcapOn the occasion of 7 % of the peak losses last week of $ 86,000, it recorded when the mutual tariffs in China pushed investors to rotate the capital to the encryption markets on Thursday.
The encryption market qualifiers intersect $ 580 million, as the bears use slow demand for the weekend
After China initially declared a 34 % revenge tariff for American imports, Bitcoin rose above $ 85,000 on Thursday, and briefly raised a prominent altcoins such as Ripple (XRP), Solana (Sol), and ETHEREUM (ETH) to gains exceeding 5 % in 24 hours.
This rise hinted at a temporary decoding of the broader securities market in the United States, where investors spent risks to the capital to the cryptocurrencies to hedge from escalating trade tensions.
However, when the American markets were closed on Friday, the momentum faded. Liquidity has dried up through the main stock exchanges, creating an opening for the landfill traders to seize control.
Within 48 hours, Bitcoin threw more than 7 %, which led to successive losses through the encryption scene. The sudden shift sheds light on how trading sizes on the delicate weekend can make the markets vulnerable to strong short pressure.
Checking the validity of this situation, the derivative data at the time of the press shows that encryption traders have achieved great liquidation during the past 24 hours,
according to Coinglass Data, more than $ 597 million has been liquidated in leverage positions within the past 24 hours alone – raising more than 205,000 merchants. Bitcoin Wipeout led $ 203.78 million in the liquidation, followed by ETAREUM with $ 164.72 million.
It is worth noting that the majority of these losses – $ 514 million – from long positions, indicating that the upscale merchants have been neglected due to the impact of the sharp price of BTC.
Moreover, the recycling map shows the filter how Altcoins such as Solana ($ 29.35 million), XRP ($ 13.65 million), and Dogecoin ($ 12.97 million) severely, as the pancake from the Bitcoin price corrected to 25 days.
This comprehensive liquidation event has not only wiped a large part of the recent gains, but also shook the investor confidence before the new trading week.
Bitcoin price expectations: BTC eyes 76 thousand dollars as technical support bers
Bitcoin price expectations are still inclined to the negative side after BTC decisively erupted to less than the main support near 80,700 dollars, and it features VWAP.
The Daily Candle recorded a decrease of 6.33 %, as it was closed without SMA for 50 days (84,068 dollars) and 200 days (82,828 dollars), both of which served as previous support areas.
This indicates a structural collapse, with the accelerating momentum acceleration, as weekend fluctuations raised squares across 597 million dollars in positions.
The volume rose to 26.04 km on April 6, confirming a strong condemnation from the sale side. Meanwhile, a MACD graph turned into a deep negative, with the signal line decreased sharply from the MACD line – both of which indicates an intense landing cross. This style has previously historically deeper recovery, especially when the size is confirmed by the directional bias, as is the case here.
Nevertheless, the bulls may argue that BTC is still in a long -term bullish direction and sits above the lowest level between the lowest level in March at 78,694 dollars.
The ongoing defense of this area can call for the purchase of decline, especially if the total morale improves the post -Sunday market. However, if BTC fails to quickly restore $ 80,700, the negative risks of $ 76,000, and perhaps $ 72,500 are still playing.
Bitcoin now expects detailed whether bulls can restore broken trend lines or correct the deepest risk in low liquidity areas.
Related questions (common questions)
Bitcoin price decreased due to the low weekend liquidity and high commercial tensions, which led to the declining momentum and comprehensive references.
More than $ 597 million was filtered on encryption sites in 24 hours, with $ 514 million of long jobs, primarily on Bitcoin and Ethereum.
Failure to close can be seen above $ 80,700, a BTC price decreased by about $ 76,000 or less, as the declining momentum and its size are still strong.
Ibrahim
The encryption analyst that covers the derivative markets, macro trends, technical analysis and Defi. His business is characterized by in -depth market visions, price expectations and institutional research on digital assets.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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