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Bitcoin Continues to Fall Apart on Thursday
The Bitcoin market continues to fall apart on Thursday, as the markets are running away from crypto in general. The Bitcoin market continues to fall during the trading session on Thursday as we are now well below the $70,000 level. All things being equal, this is a market that I think probably finds the $60,000 level before it’s all said and done. The acceleration of selling pressure is truly impressive, and I think now we can look back with the $3 billion in outflows from US spot ETFs in January really being a sign of just how bad things are. Firm Glassnode reports that Bitcoin is in a defensive phase, showing ... (full story)
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