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The Daily Hodl 2025-01-08 19:05:11

Sharp Bitcoin Correction Triggers $862,465,000 in Liquidations As Analyst Issues Warning on BTC Price Action

Sharp Bitcoin Correction Triggers $862,465,000 in Liquidations As Analyst Issues Warning on BTC Price Action

The crypto markets are witnessing a massive surge in liquidations amid Bitcoin’s ( BTC ) sudden loss of the $100,000 level. New data from market intelligence platform Coinglass shows traders saw liquidations during the last two days to the tune of $862.4 million, mostly by those betting long on Bitcoin. [ The flagship crypto asset reclaimed the $102,000 level on Monday, but has since plummeted. Bitcoin is trading for $92,721 at time of writing, down 4.7% in the last 24 hours. Pseudonymous analyst Rekt Capital – who nailed Bitcoin’s pre-halving correction last year – is warning his 528,400 followers on the social media platform X that the crypto king may correct even further before resuming its upward momentum. “Bitcoin will retrace deep enough to convince you that the bull market is over. And then it will resume its uptrend.” The analyst is also warning of market volatility for the rest of the week after BTC failed to flip a key resistance level into support. “The orange technical uptrend continues to act as a resistance, indeed facilitating the retest of the blue area. However, the retest of the blue area is currently a volatile one and with still a big part of the week to go, lots could still change here.” Source: Rekt Capital/X Lastly, the analyst predicts that Bitcoin’s bear market will begin at some point this year and stretch into most of 2026 if BTC follows the traditional halving cycle. “2025 will likely see the BTC bull market peak and the beginnings of a brand new bear market (Candle 1). The majority of the bear market will take place however in 2026 (Candle 2). The bear market would last some 365+ days and be between -65% to -80% deep.” Source: Rekt Capital/X Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Sharp Bitcoin Correction Triggers $862,465,000 in Liquidations As Analyst Issues Warning on BTC Price Action appeared first on The Daily Hodl .

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