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In the area of several hours, the crypto market was hit by a short correction. While Bitcoin looked firmly installed over $ 100,000, sudden conversion reversed the trend that swept the bull momentum. More than $ 700 million were disposed of in positions, which caused BTC under $ 101,000. This autumn, fast and unexpected, destabilized investors, which again confirmed market vulnerability, where trust can immediately lean.
In short
- In a few hours, the correction hit the crypto market and rushed bitcoins below $ 101,000.
- According to Coinglass, more than $ 700 million were disposed of in positions, of which almost 485 million in long positions.
- This autumn comes when the BTC returned over $ 100,000 for the first time since February.
- It seems that the resistance of $ 105,000 is difficult to exceed and slows down any significant bull recovery.
Cascade disposal: Bitcoins are under pressure
The crypto market experienced a brutal episode of disposal at night from May 11, which led to a decline in the price of bitcoins below the symbolic bar of $ 101,000. The BTC has been exchanged between $ 103,133 for $ 104,841 for $ 24 for a period of 24 hours before giving up the general sales pressure.
More than $ 700 million has been liquidated. According to Coinglass, “Long Positions themselves represented $ 484.85 million, while short disposal was $ 214.86 million. This situation caused rapid disintegration of long positions.
Such a movement was operated by many investors, although it seemed that the market seemed to be renewed for the first time since February, renewed optimism after returning over $ 100,000.
Ethereum was also influenced by a decline of 2.9 %, with a current price of $ 2,449.24.
This autumn is partially explained by automatic liquidation mechanisms and a high exposure to the lever on the derivative markets. Several technical factors have intensified this repair:
- Most long long long positions were trapped in steep conversion;
- Low liquidity levels on certain exchanges deteriorated the fall speed;
- The main altcoins have passed similar losses and promoted correction to the entire market;
- No clear basic catalyst does not justify this autumn, which indicates mainly mechanical and speculative movement.
This type of episode illustrates the increased vulnerability of the market crypto, where the dynamics of chain disposal can erase billions of dollars in the space in space without a true apparent economic signal.
Pressure sale: between technical resistance signals and fragility
In addition to massive disposal, the technical configuration of the market emphasizes concerns. The Bitcoin hour graph reveals a clear decline, with a sudden passage from the local summit to $ 105,706 to the floor inside $ 764, before a slight jump.
This movement refers to the return of sales pressure, confirmed by the dominance of red bundles on the last sessions. The largest isolated disposal was recorded on the BTC/USD pair for $ 11 million. In addition, other cryptos were not spared. They accumulated $ 31.53 million in positions liquidated over the period.
The threshold value of $ 105,000 now seems to be a area of resistance that is difficult to exceed, limiting bide attempts. This technical level, tested several times, systematically generated reflux, which emphasized the lack of beliefs between buyers.
In the absence of a strong catalyst, this resistance acts as a psychological and surgical ceiling that is able to block any permanent dynamics up. The volume analysis shows that every transition attempt has been thwarted by intensifying sales, which strengthened the hypothesis of the short -term crypto market dominated by sellers.
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A graduate of the Toulouse and the Blockchain Consultant Certification certification holder and I joined the adventure of Cointribuna in 2019. I convinced of the potential of blockchain to transform many economy sectors, committing to raising awareness and informing the general public about how the ecosysty developed. My goal is to allow everyone to better understand blockchain and take the opportunity they offer. I try to provide an objective analysis of messages every day, decrypt trends on the market, hand over the latest technological innovations and introduce the economic and social issues of this revolution.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.