Α Fall at $29,000 for Bitcoin

Even if the market was in really good mood and everyone believed that $30,000 was a steady level for a long time, something changed.

In 15 minutes, the Bitcoin’s price dropped 3 % and fell around $29,000. This seems to derive from a selling order from Binance platform, which sparked a lot of reactions.

Around $25 million were liquidated in futures and options transferring capital into new positions. In parallel, 98 % of placed orders are on the buying side, a fact that shows the market can probably go higher.

Bitcoin’s drop fell into more coins, when Ethereum, Polygon and Dogecoin fell around 5 % while Solana lost around 9 % throughout the day.