The encrypted currency market witnessed the liquidation of the leverage centers with a value of one billion dollars within 24 hours, after sharp sales that paid bitcoin to less than 96,000 dollars, according to "COINGLASS" data.
The largest losses were the share of the long centers, which amounted to $ 878 million, compared to $ 160 million for short centers.
Currently, bitcoin rolls more to land at the time of preparing this article for below 94 thousand dollars, according to COONINGKO.
The total market value of encrypted currencies also decreased by 9.5% to $ 3.3 trillion.
Main digital currencies such as Ethereum fell by 8%, and the rubles by 5%, while Solana and Douj Queen recorded more losses exceeding 10%.
This decline coincided with strict messages from the federal reserve after the rate of interest rates by 25 basis points, indicating less discounts in the future.
"Jerome Powell", the head of the Federal Reserve, explained that the adoption of a cautious position is the most appropriate in light of the blurring of economic expectations, while inflation remains higher than the specified goal despite its decrease from its peak in 2022.
In the traded Bitcoin Funds market, the data showed a contrasting performance.
The GrayScale Fund witnessed net losses of $ 188 million, while positive flows were concentrated in the Black Rock Fund.
Despite the recent decline, analysts believe that the situation represents a healthy correction of the market, especially as Bitcoin continues to achieve gains exceeding 130% since the beginning of the year.
"Microstrategy" also continues to buy bitcoin, as it recently bought 3 billion dollars this month, which reflects its confidence in the market.
As for the index of fear and greed, it indicates a high level of greed of 75, which reflects the optimism of investors despite the recent fluctuations.
