Bitcoin falls below 82,000 USD, you must know these 10 things
01 big dump: Bitcoin's "Black Friday"
For Bitcoin, last Friday was a veritable "Black Friday."
On November 21, Bitcoin fell below the $82,000 mark and once approached the significant $80,000 level. Compared to the historical high of $126,000 set on October 6, it has dropped a full 35%. In the past 24 hours, the total amount of liquidation across the network exceeded a staggering $1 billion. Hundreds of thousands of traders lost everything in this big dump.
Oh my. 1 billion dollars.
Although it is normal for Bitcoin to have fluctuations, why is this one so fierce and so sudden?
I'll try to help you organize it.
This must start with the direct reason for the big dump:
Professional institutions have heavily sold off their Bitcoin ETFs.
02 Bitcoin ETF: A "pork ticket" for one Bitcoin