Bitcoin $102,673.0 Its price showed a striking movement yesterday, rising up to $ 103,900. However, it experienced a sudden decline during the night and fell to $ 90,400. The price later recovered and reached $97,898. These fluctuations were closely followed by market players and experts.
1 Billion Dollars Liquidation in the Last 24 Hours
Coinglass’s data clearly revealed the intense activity in the markets. The total amount of liquidation in the last 24 hours reached 1.04 billion dollars. Most of this amount was made up of Bitcoin, with $578.6 million. This shows that the volatility in the market has reached very high levels.
Güdülün Fear Index, indicating that investors were behaving more cautiously, also supported this process. The index decreased from 84 to 72 levels. Analysts pointed out this decline in the reluctance of market participants to take risks.
Bitcoin’s Potential for Broad Acceptance Is Increasing
Kaiko’s analysts stated that the fragmented structure of the market structure makes it difficult to determine fair prices. “Since markets are fragmented, there is an urgent need for fair price determination methods,” said experts, emphasizing that price differences prevent accurate analysis of the market.
Bloomberg analyst Eric Balchunas stated that Bitcoin could achieve mainstream acceptance in the near future. “Advisers may not be able to take action without including Bitcoin in their portfolio,” Balchunas said, highlighting the strategic importance of Bitcoin for the financial sector.
Regulatory frameworks such as MiCA, which Europe has started to implement, are among the factors that support this potential. According to Kaiko, although these regulations are the right steps, eliminating market fragmentation and high volatility is of critical importance.
This activity in the Bitcoin market continues to attract the attention of investors and regulators. Future market developments and regulations may significantly affect price stability and acceptance.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
