Bitcoin Drop Reach 11-Day Low Because $500M Liquidations, LINK Dey Up
Bitcoin fall come reach 11-day low afta $500 million for market liquidations wey shake traders. Di sell-off come from US Treasury decision to form Bitcoin reserve from confiscated assets, but dem stop further government purchases. Dis regulatory move plus macroeconomics pressure scatter investor confidence and make market sharp volatile. Chainlink (LINK) no follow di gbege, e still steady as traders dey watch the growth potential for the downturn. Di main gist na di size of liquidations, how US Treasury policy dey affect crypto market, plus Chainlink resilience. Traders suppose dey dey watch ongoing liquidation flow plus Treasury announcements for signs of short-term market wahala. Meanwhile, LINK stability fit be hedge option for portfolio wey dey waka through this bearish period for Bitcoin market cycle.
Bearish
Di tori say $500 million we dem forced make e liquidate don push Bitcoin go down reach 11-day low, e show say market dey mostly bearish. Big liquidation dem for history dey cause quick sell-offs, like wetin happen for March 2020 and May 2021 crash dem, e dey make market volatile and dey destroy short-term support levels. US Treasury wan set up confiscated-asset reserve without to resume direct buys, na im dey add regulator wahala, e dey stop new capital from entering Bitcoin. Even though Chainlink dey perform better small, e no fit stop the heavy downward pressure wey dey on BTC for near time. Traders need prepare for more volatility and possible further drop until clear regulator signals or institutional buying start again. For long term, if regulatory clear and infrastructure develop, e fit bring bullish momentum back, but for now, outlook bad.