Latest market dynamics
• Bitcoin plummeted: BTC just broke below $82,000, currently at $81,652.31, with a drop of 3.97% in the last 24 hours, and market sentiment has rapidly worsened!
• On-chain data shows: a large outflow of funds, over 12% of Bitcoin addresses are in loss, which is the highest proportion since last October.
• The derivatives market has been hit hard: according to CoinGlass data, over $1.5 billion in positions have been liquidated in the past 24 hours, indicating signs of large-scale leveraged fund withdrawals.
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Future predictions and risk analysis
Short-term trend: Is it possible that it hasn't finished dropping?
1️⃣ If $80,000 is lost, Bitcoin may further test the key support zone of $78,500 - $79,000.
2️⃣ Currently, market panic is intensifying; if there is no significant buying intervention, BTC may continue to seek liquidity downward, and the likelihood of short-term consolidation is high.
3️⃣ Observe institutional movements: if BTC ETF funds continue to flow out, it could lead to a continuation of market weakness; breaking below $78,000 is not impossible.
Medium to long-term trend: When will the market stabilize?
✅ Is the bull market over? Or is it a healthy correction?
• Currently still within the technical adjustment range, if BTC can stabilize at $78,000-$80,000, there is still a chance for a rebound and the next wave of upward movement.
• However, if it breaks below $75,000, the market may enter a deeper correction, and a bull market in the short term seems unlikely.
✅ Fund analysis
• Currently, the trend of USDT issuance has not strengthened, and market liquidity is still in a relatively contracted phase.
• The flow of funds into Bitcoin ETFs will be a key indicator; if it continues to flow out, BTC may struggle to recover its strength in the short term.
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My insights and investment reminders
📌 Do not panic sell, but also don't rush to buy the dip; observe whether $78,000 - $80,000 can hold.
📌 Reduce leverage; the market is highly volatile, avoid high-risk operations that could lead to liquidation.
📌 Closely monitor on-chain data, especially ETF fund flows and stablecoin issuance, as these will be important indicators for determining the market's next direction.
📌 The long-term trend still looks at Bitcoin, but the short-term market volatility is increasing; if you are preparing for a long-term hold, a staggered approach is a more prudent strategy.
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What do you think about this wave of BTC's plunge? Can $80,000 hold? Or is a deeper correction imminent?
Leave a comment to share your thoughts, let's discuss the next steps in this major market shift! 🚀🔥