On Friday, Bitcoin fell to $112,000, triggering over $1 billion in liquidations. The primary factors included weak U.S. employment data and market risk aversion.
Bitcoin's Drop
The decline of Bitcoin to $112,000 occurred amid a **third consecutive Friday downturn**, coinciding with the release of weak U.S. jobs data. This led to the **liquidation of over $1 billion in long positions**. Market analysts view this as a corrective phase rather than a sustained trend.
Impact on Cryptocurrency
Immediate effects included cascading **forced sales**, impacting BTC, ETH, and other major cryptocurrencies. The downturn tested the market's resilience as analysts focused on support levels and **trade volumes for signs of recovery**.
Outlook and Analysis
QCP Capital highlighted the selloff as a **potential correction** rather than market capitulation. Influential figures such as Robert Kiyosaki see the dip as a buying opportunity, suggesting a **healthy market reset** that may lead to renewed accumulation. Analysts also noted that **ETF net inflows** remained strong, indicating sustained investor interest.
Historically, such **market corrections** have led to renewed rallies after clearing leverage excess. Current open interest in options trials at higher strike prices could signal optimism as sentiment stabilizes.
