Bitcoin Faces Major $1.3B Liquidation Threat As Prices Dip Below $93K Amid Trade War Fears
Bitcoin’s price dipped under $100K on February 4, raising alarm bells as it creates a staggering $1.3 billion liquidation risk for traders. This downturn comes amid escalating tensions in the trade war between the United States and China, which continues to impact market sentiment. Traders are closely watching support levels, particularly the $93K mark, to gauge if Bitcoin’s bullish momentum can resume. The looming threat of liquidation could further destabilize the market, indicating a need for caution among investors. In light of recent developments, many analysts suggest that the impact of geopolitical events remains critical in determining Bitcoin’s future trajectory. As the global economic landscape evolves, investors would do well to stay informed and agile during these turbulent times. Staying updated on market conditions can help navigate the unpredictable waves of cryptocurrency trading.