Significant Bitcoin Liquidations Surge Amid Price Corrections and Analyst Warnings
The cryptocurrency market is witnessing significant liquidations, primarily due to Bitcoin’s recent drop from the $100,000 point. Analyst Rekt Capital warns of further price corrections before a potential rebound and predicts a looming bear market starting in 2025 that could last into 2026. Over $862 million in liquidations were noted, with Bitcoin currently trading at $92,721, a 4.7% decline in 24 hours.
Recent fluctuations in the cryptocurrency market have led to significant liquidations, particularly in Bitcoin (BTC), as it has retreated from the $100,000 benchmark. According to data from Coinglass, over the past two days, liquidations have surged to approximately $862.4 million, primarily impacting those who had taken long positions on Bitcoin. Despite a temporary recovery to $102,000, Bitcoin’s price recently dropped to $92,721, reflecting a 4.7% decrease in 24 hours.
Prominent analyst Rekt Capital, who accurately anticipated Bitcoin’s previous corrections, cautions his followers that further price retracements may occur before a potential rebound. He stated, “Bitcoin will retrace deep enough to convince you that the bull market is over. And then it will resume its uptrend.” Additionally, Rekt Capital foresees heightened market volatility throughout the week, emphasizing that Bitcoin’s failure to convert a vital resistance level into support could signal ongoing instability.
The analyst has also indicated that a bear market for Bitcoin could emerge this year, potentially lasting well into 2026. He predicts that 2025 may mark the peak of the upcoming Bitcoin bull market, with the onset of a new bear phase anticipated to bring a steep decline of 65% to 80%, lasting over 365 days. “2025 will likely see the BTC bull market peak and the beginnings of a brand new bear market (Candle 1). The majority of the bear market will take place however in 2026 (Candle 2). The bear market would last some 365+ days and be between -65% to -80% deep.”
The recent activity in Bitcoin prices reflects a broader trend within the cryptocurrency market, characterized by extreme volatility and rapid fluctuations. As traders respond to significant price movements, liquidations can rise sharply, particularly when large positions are taken on margin. With Bitcoin’s recent struggles to maintain high valuations, analysts monitor resistance levels closely, often predicting future trends based on past performance and market cycles. Historical patterns suggest that Bitcoin’s value is cyclical, often influenced by events such as halving cycles, which affect supply dynamics.
In summary, the Bitcoin market is currently experiencing substantial price corrections, leading to massive liquidations estimated at over $862 million. Notable analyst Rekt Capital has projected further declines before a recovery, emphasizing the potential onset of a prolonged bear market beginning in 2025. Traders and investors should remain vigilant and conduct thorough research as market volatility continues to present both risks and opportunities in cryptocurrency investments.
Original Source: dailyhodl.com
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