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.
Ich war in letzter Zeit ruhig, weil ich mich intensiv mit den Charts beschäftigt habe. 📉 Nach einem Monat, in dem ich mich ausschließlich auf Alpha-Coins konzentriert habe, habe ich endlich den Code geknackt. Ich sehe, wie aus 100 $ in nur 24 Stunden 1.000 $ werden. Es klingt verrückt, aber wenn du diesen 10-fachen oder 30-fachen Gewinn erzielst, ändert sich alles. Ich empfehle dir wirklich, die frühen Möglichkeiten zu erkunden. Dort findet gerade das wirkliche Wachstum statt #MarketRebound #币安HODLer空投BREV #StrategyBTCPurchase $KO #IndiaCrypto #MarketRebound $FHE $ZRC
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