Reported 16 days ago
October witnessed the largest liquidation event in crypto history, with Bitcoin surviving a $21 billion turmoil and currently trading around $113,000 after touching a low of $102,000. Analyst Scott Melker called this resilience a 'small miracle,' noting that 97% of Bitcoin's supply remains profitable. Despite a dip in market performance, analysts suggest that the ongoing infrastructure growth and significant stablecoin liquidity could support a market recovery, as Bitcoin approaches essential price levels in the coming weeks.
Source: YAHOO