Episode Details

Bitcoins price has been fluctuating around $77,700, with a recent dip below $77,000 attributed to traders reducing leverage rather than a sign of a broader decline. The $75,000 to $77,000 range remains a strong support zone. The market saw liquidations on both long and short positions, indicating a market shake-up rather than a panic sell-off. External factors, such as rising U.S. Treasury yields and global tensions, are making investors cautious and hindering new money from entering the market. HashKey Research suggests that the market structure does not indicate a major downward trend reversal, and Bitcoin may continue in a range-bound pattern unless these factors change.

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