Read crypto trading news, market structure shifts, technical setups, derivatives activity, and strategies used across volatile markets.
Bitcoin's improved price liquidated roughly $160 million from crypto traders who held positions on the market.
Oluwapelumi Adejumo 2 min read 
The decline to around $40,000, Bitcoin's lowest level since mid-December of the previous year, has been driven by a sustained sell-off amid a series of macroeconomic and market-specific factors.
Ethereum's price fell by more than 4% during the past day due to the significant selling pressure.
The quick recovery indicates a recalibration of investor sentiment and strategic buying at lower price points.
Coinbase Prime's trading surge linked to ETF market activity with over $5 billion in Bitcoin wallet inflows and outflows within a week.
The flagship crypto experienced $20.52 million in liquidations over the past 24 hours, roughly 85% of which were longs — equating to $17.48 million.
The forecast hinges on a perceived supply shock driven by demand from the recently approved Bitcoin ETFs and the upcoming halving event.
Cobie responded to the old post and said he "can't even remember" writing it and cautioned against taking things out of context in isolation.
Prices fell significantly on Friday despite general optimism around Bitcoin ETFs.
