Bitcoin
Why Bitcoin is down 1.7% in the last hour
Analysis
Bitcoin fell 1.7% over the past hour as liquidation-driven selling pressure pushed BTC below the $80,000 level, with missed January prediction contracts adding to the slide, according to CoinDesk’s Asia Morning Briefing. CoinDesk also noted that thin liquidity has kept traders on edge, amplifying downside moves during brief selloffs.
Contributing Factors (3)
Bitcoin holds below $80,000 as January prediction contracts miss liquidation-driven slide: Asia Morning Briefing
Options markets signaled rising tail risk as liquidations mounted, but January prediction odds adjusted slowly as bitcoin volatility unfolded.
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Bitcoin's downtrend prolongs amid reduced fresh capital inflows while selling pressure persist
Bitcoin rebounds above $75,000 after brief slide as thin liquidity keeps traders on edge
The bounce came as China factory data showed only mild growth, offering background support while dollar strength and thin exchange depth limit upside.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.