Reported 2 days ago
Bitcoin's realized profits have dropped 76% following its brief surge to over $100,000, leading to significant market volatility with a rapid decline in value and over $303.5 million in liquidations. Despite this sharp drop, analysts suggest that future price declines may be less severe due to reduced selling pressure. With Bitcoin trading around $97,483, concerns remain over the heavy influence of long-term holders and institutional demand, leaving the market's future uncertain, although signs of stabilization begin to emerge.
Source: YAHOO