$134 Million in Bitcoin Long Positions 'Evaporated' as BTC Price Dropped Below $63K Ahead of Critical Fed Meeting
Bitcoin's price tumbled below $63,000 on Tuesday, leading to a sharp spike in leveraged long position liquidations totaling $134 million and bringing total BTC-related liquidations over $156 million. The drop, which saw BTC briefly hit a daily low near $62,684, extended its monthly losses to 4%. Market experts are pointing to a pivotal week ahead, highlighted by the upcoming Federal Open Market Committee (FOMC) meeting, core PCE inflation data, and major earnings reports from companies like Apple and Amazon. According to analysts, the tone from Fed Chair Kevin Warsh's press conference will be crucial. A dovish Fed stance coupled with strong AI capex forecasts and positive PCE data could propel Bitcoin toward $68,000-$70,000 in August. Conversely, hawkish signals alongside disappointing corporate earnings could quickly bring the $58,000-$60,000 range back into view.
cryptonews.ruHôm qua 21:01