Why is the cripto market down today? Bitcoin falls as if $ 54B was deleted

The Cryptocurrency market It’s a sharp goal, loss $ 54 billion in just 24 hours. The total masher capacity now fell to $ 3.07 trillion, sliding below the key level of support of 3.10 trillion dollars. Adding in discomfort, Cripto Fear and greed index stretched at 35, signaling growing fear among investors.

Let’s separate key factors that drive this market decline.

Bitcoin ETF outpours continue

One of the main reasons for the fall is a permanent outflow from Bitcoin ETF. 10. February, Bitcoin ETFS has seen investors out of $ 186 million, with a Verne, gray star and invescences that lead. Trend continued on February 11, with another $ 56.7 million Leaving the Bitcoin ETF, adding more uncertainty to the market.

Liquidations add more pressure

Adding pressure to fall on the market on the current market, liquidations increased, especially among long traders. In the last 24 hours, $ 224 million The value of the crypto position is liquidated, including $ 174 million from long positions.

The largest individual liquidation was held at BITC, where the BTC / USDT was closed in the amount of 1.97 million dollars. This influx of liquidation deteriorated the decline, which many traders are forced from their positions.

Altcoyni suffer great losses

Bitcoin is not the only fight – AltCOins is even more affected. In just two weeks, Altcoin Market lost a huge $ 234 billion.

Etherum, XRP and Solana fell between 5% and 8%, while Meme coins like Dogecoin, Shiba Ina and Pepe have dropped between 5% and 10%. The weakness in Altcoina is that more and more deteriorates the decline in the market.

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Key levels Bitcoin

Bitcoin, the largest and most influential cryptocurrency, saw that its price drop by more than 3%, now trading About $ 95,969. The $ 90,000 level is proved as a key point of support. If Bitcoin fails to hold on top of this, it could slide further to $ 93,625.

On the flip side, if Bitcoin returns its hollowness and moves above 103,000 dollars, it could find a renewed momentum.

For now, merchants watch the market carefully, waiting to see if Bitcoin and Altcoini could stabilize or if the advanced further losses are.

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