Reported 3 days ago
Bitcoin faced a steep decline on Thursday, primarily due to an increase in short selling, with prices dropping from $115,000 to $107,500. Despite rising short interest, spot buyers on platforms like Coinbase were active in absorbing selling pressure, fueling a complex market dynamic. The overall market is experiencing significant liquidations, particularly from long positions, amid macroeconomic uncertainties and geopolitical tensions, suggesting a challenging environment for recovery.
Source: YAHOO