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The article "Bitcoin crashes below US93K as trade war fears wipe out US357M in leverage" by Anndy Lian details how Bitcoin and other cryptocurrencies experienced a significant downturn. This crash was primarily driven by three interlocking forces 1Renewed US-EU trade tensions: President Trump's proposed tariffs on eight European countries reignited trade-war anxieties, leading to a broad retreat from risk assets. This policy uncertainty, especially with US cash markets closed for Martin Luther King Jr. Day, impacted futures and cryptocurrencies, which often correlate with tech-heavy equities. 2 Excessive leverage in crypto markets: The article highlights that over US357 million in leveraged long positions were liquidated within an hour as Bitcoin broke below US92,000. This, combined with a total of US$865 million in crypto liquidations and crowded bullish positioning, turned a modest dip into a cascade. 3Technical breakdowns: Bitcoin's failure to hold the US$95,000 support level triggered algorithmic sell orders and panic among retail traders. The global crypto market cap fell below its 30-day exponential moving average, and the RSI indicated waning momentum, leading to disproportionate losses in altcoins. Despite these headwinds, the article notes that underlying fundamentals in parts of the crypto ecosystem, like Ethereum's staking demand, remain robust. However, macro fears have temporarily overridden these positives. The future path for Bitcoin hinges on whether the US and EU can de-escalate tariff rhetoric before the February 1 deadline and if Bitcoin can reclaim the US$93,000 level for short-term stabilization. Source: https://e27.co/bitcoin-crashes-below-us93k-as-trade-war-fears-wipe-out-us357m-in-leverage-20260119/ #MarketRebound #IndiaCrypto #BTC100kNext? #Betcoin #StrategyBTCPurchase $BTC
The article "Bitcoin crashes below US93K as trade war fears wipe out US357M in leverage" by Anndy Lian details how Bitcoin and other cryptocurrencies experienced a significant downturn. This crash was primarily driven by three interlocking forces

1Renewed US-EU trade tensions: President Trump's proposed tariffs on eight European countries reignited trade-war anxieties, leading to a broad retreat from risk assets. This policy uncertainty, especially with US cash markets closed for Martin Luther King Jr. Day, impacted futures and cryptocurrencies, which often correlate with tech-heavy equities.

2 Excessive leverage in crypto markets: The article highlights that over US357 million in leveraged long positions were liquidated within an hour as Bitcoin broke below US92,000. This, combined with a total of US$865 million in crypto liquidations and crowded bullish positioning, turned a modest dip into a cascade.

3Technical breakdowns: Bitcoin's failure to hold the US$95,000 support level triggered algorithmic sell orders and panic among retail traders. The global crypto market cap fell below its 30-day exponential moving average, and the RSI indicated waning momentum, leading to disproportionate losses in altcoins.

Despite these headwinds, the article notes that underlying fundamentals in parts of the crypto ecosystem, like Ethereum's staking demand, remain robust. However, macro fears have temporarily overridden these positives. The future path for Bitcoin hinges on whether the US and EU can de-escalate tariff rhetoric before the February 1 deadline and if Bitcoin can reclaim the US$93,000 level for short-term stabilization.

Source: https://e27.co/bitcoin-crashes-below-us93k-as-trade-war-fears-wipe-out-us357m-in-leverage-20260119/
#MarketRebound #IndiaCrypto #BTC100kNext? #Betcoin #StrategyBTCPurchase $BTC
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