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Bitcoin (BTCUSD) faced a major sell-off, with aggressive market orders shifting sentiment from positive to bearish, reflected by a drop in the derivatives pressure index from 30% to 18%.
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Bitcoin has entered bearish territory after breaking below a long-term support level at $107,000, with projections suggesting a potential price decline to $35,000 by 2026.
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Bitcoin's market value dropped significantly, leading to a total loss of about $128 billion in digital assets, as it was the only major market open over the weekend.
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source: https://www.tradingview.com/news/tradingview:2c9a0f61a3532:0-key-facts-bitcoin-sell-off-triggers-128-billion-loss-bearish-trend-deepens/
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