Bitcoin underwent a correction after reaching a new all-time high the day before, exceeding $124,000.
It has since dropped below $118,000, triggering nearly a billion dollars in liquidations. Several factors influenced this movement, including the release of producer price index (PPI) data after a period of positive news on consumer prices (CPI).
Despite this volatility, the trend remains structurally bullish, and Bitcoin has experienced an impressive 95% growth over the past year.
