Bitcoin traders 'excess loss-realization' may push BTC price below $44K
Bitcoin traders are experiencing significant "excess loss-realization," which could lead to a decline in BTC prices below $44,000. This phenomenon occurs when traders sell their holdings at a loss to offset gains elsewhere, potentially increasing selling pressure on the market. Analysts suggest that if this trend continues, it may trigger further price drops as sentiment shifts negatively. The current market conditions and trader behavior indicate a cautious outlook for Bitcoin in the near term.
Read the full article: Coin Telegraph