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Bitcoin falls 50% from all-time high and on track for its worst month since June 2022
itcoin fell below $63,000 early Tuesday morning, a 50% drop from its October 6 all-time high. The asset is down 19% so far in February, marking its worst month since June 2022, when it was down 37.28%, according to CoinGlass. With a few days to go, bitcoin is about to close February in the red for the fifth consecutive month. “BTC has developed a downward-shifting structure. The 62K region marked a concentrated long liquidation zone, and a round of leverage flush-out has largely been completed in the short term. Overhead, the 66,000 area remains a dense cluster of short positioning,” said Dean Chen, a Bitunix ... (full story)
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