Bitcoin Drops to $112K as $1.5B in Long Positions Wiped Out – ETF Hopes Still in Play

Flux_Dev_A_digital_illustration_of_a_downward_trending_Bitcoin

Bitcoin just reminded everyone again why it’s called the king of volatility. In a sharp move this week the price slipped down to around $112,000. That slide alone erased over $1.5 billion worth of leveraged long positions in a matter of hours. Traders who had been betting heavily on the upside suddenly found themselves on … Read more

Why Bitcoin Price Dropped Below $115,000 This Week – Latest Market Analysis

Flux_Dev_A_digital_illustration_of_a_descending_bitcoin_price

Bitcoin is again in the headlines this week. The price slipped under $115000 and that caught many traders off guard. Some were expecting a bullish move others got stuck in long positions. The drop was not random there are multiple factors at play. Let’s break it down step by step. Sudden Sentiment Shift The first … Read more