Overview of the Developments
• Over $62 million in long BTC positions were liquidated in a matter of hours.
• Bitcoin price dropped to around $22,000.
• Positive signs on the US stock market shortly after this Bitcoin crash underline this scenario.
How to Proceed Now?
Forecasts are extremely difficult and investors should follow developments closely and adjust their investment decisions accordingly. Despite the recent price correction and negative headlines, the fundamentals of the Bitcoin network remain stable.
Correction with a Short Shock?
The hash rate has almost doubled since November 2021, although the price has fallen significantly over the same period of time. The number of active addresses on the Bitcoin network has also increased during this time.
For new investors in the crypto market, it is recommended to invest with shares instead of investing larger amounts of money with whole Bitcoins due to the current situation.
The situation for the Bitcoin course will remain uncertain in the coming weeks and months. Analysts see both positives and negatives that can affect price but overall, it is important for investors to keep an eye on developments and adjust investments accordingly.