1. Bitcoin in sharp decline
• BTC has fallen to the range of US$$ 53.000, recording a depreciation of approximately 8% in the last 24 hours.
• There was liquidation of more than US$$ 150 million in long positions, the largest liquidation since December 2024.
• The short-term trend remains bearish, as the price is below the 8 and 56-day moving averages.
⸻
2. Reasons for the decline
• Investors are awaiting inflation data in the U.S., which may influence interest rates and monetary policy.
• Profit-taking after weeks of appreciation in the sector.
• Increased regulatory pressure on exchanges in some countries.
⸻
3. Altcoins also falling
• Ethereum (ETH) has fallen about 6% and is trading around US$$ 2.500.
• DeFi tokens and memecoins suffered even more, with declines exceeding 10% in 24 hours.
⸻
4. Market continues to correct
• Analysts point out that the strongest support for BTC is at US$$ 50.000.
• If it loses this range, the trend may extend to US$$ 47.000.
• In the long term, the outlook remains optimistic because of the 2028 halving, but at the moment BTC's dominance is rising, indicating capital flight from altcoins.
