Bitcoin and other cryptocurrencies experienced sudden losses in value in a short period. This high volatility in the market led to the liquidation of many investors' positions. Uncertainty and risk factors continue to have an impact on the markets.
There were sharp fluctuations in the cryptocurrency markets during the US session. After a positive trend at the beginning of the day, the markets unexpectedly fell in the afternoon when the price of Bitcoin quickly dropped from 106,500 dollars to below 103,000 dollars. At the time of writing, Bitcoin was trading around 103,200 dollars, having recovered some of its losses. Over the last 24 hours, the value of Bitcoin has decreased by approximately 1.2%.
This volatility was not limited to Bitcoin. The price of Ethereum decreased by 4.5% in 90 minutes, dropping from 2,441.82 dollars to 2,372 dollars. At the same time, the trading volume of Ethereum nearly reached 800,000 ETH, which is about 8 times the average hourly volume. Other major cryptocurrencies such as Solana, Dogecoin, and Cardano also experienced value losses between 3% and 5%.
Sudden price movements caught many investors off guard. A total of about 450 million dollars in positions were liquidated in derivative trades on centralized exchanges. The vast majority of these liquidations consist of long positions opened with the expectation that prices would rise, amounting to approximately 387 million dollars.
Macroeconomic Risks Behind the Unexpected Fluctuation
Before the fluctuations, no significant external developments were observed in the market. US stocks recorded slight declines during the day. Experts state that the tension between Israel and Iran has increased the risk factor in the markets, but this sharp movement is not directly linked to any specific event. It is emphasized that global economic and geopolitical uncertainties are affecting cryptocurrency prices and that such sudden movements pose a risk for investors.
Investor Indecision in Bitcoin Continues
The price of Bitcoin continues to trade sideways in the short term between 100,000 and 110,000 dollars. Investors are indecisive about whether the price will rise above 110,000 dollars again or drop to the 90,000 dollar level.
James Toledano, Operations Director of Unity Wallet, summarizes this situation as follows: 'The question of whether Bitcoin will rise above 110,000 dollars again or decline to 90,000 dollars reflects the overall indecision of the market and investors. The current stagnation arises from the balance between long-term positive expectations and short-term macroeconomic and geopolitical uncertainties.'
Experts state that cryptocurrency investors should be prepared for sudden price movements and prioritize risk management. It is expressed that the volatility in the markets may continue in the upcoming period, and it is important to act carefully and consciously rather than making emotional decisions. Uncertainty and risk have not fully diminished, and occasional sudden price changes are expected.
PLEASE READ CAREFULLY FOR A $10 GIFT TO 170 PEOPLE.
Friends who have not yet activated the futures section will earn $10 when they activate the futures section by entering my referral code 88623008. The first 170 people will benefit from this reward.
I AM EXPLAINING IN DETAIL.
My brothers who registered at Binance without a referral, please listen carefully;
If you do what I say in order, you will earn 10 USDT.
Enter the Futures section from your application,
On the next screen, enter the REFERRAL CODE section and enter the code 88623008 to open your account,
Brothers who want to earn a 10 USDT reward by completing this transaction by April 10 can do so. After that, after activating your account, it will be sufficient to have a trading volume of $30. However, if you do this after April 10, your reward will not be received. Therefore, I suggest you handle it within 5 seconds.
THE SYSTEM WORKS ON A FIRST-COME, FIRST-SERVED BASIS. THEREFORE, DO NOT BE LATE TO RECEIVE YOUR GIFT. IT IS LIMITED TO 170 PEOPLE.
PLEASE READ CAREFULLY FOR A $3,300 GIFT.
Friends, as publishers, you know we do our best for you. We communicate the services and opportunities provided to us by our authorities to you. I have never withheld my support for both the cryptocurrency market and you; on the contrary, I strive to provide more support.
Now I will explain how to claim your gift. First, those of you who have not opened a futures account need to activate this account with a short transaction. I will explain in detail and simply how to activate it.
So who can benefit?
Friends who have not yet activated the Futures section can activate it by entering my referral code 88623008 when opening the FUTURES section. It is a simple process. I have shown below where it is.