Market Spotlight 31/5
This morning, the market was engulfed in red as $BTC broke the support level of 105,000 USD. A total of 841 million USD in Futures orders were liquidated in the past 24 hours - mostly Long positions with 767 million USD.
After breaching the support level, BTC continued to decline as the opening price today reached $103,985. The current price range is very important for BTC, as a strong rebound could break the ATH, while failing to hold the support level could see BTC return to the low 90s.
For Altcoins, $LPT is still moving against the tide with an increase of over 160% in one day, while most others remain in the red.
