Over the weekend, Bitcoin (BTC) sharply fell to $112,000, causing over $1.5 billion in liquidations on Binance. Negative funding rates suggest extreme bearish sentiment.
Cryptocurrency Market and Trader Reactions
According to CryptoQuant analyst Amr Taha, Bitcoin's third consecutive Friday sell-off led to a price drop, impacting the net taker volume on Binance, which reached the lowest point since July 25. This reflects forced liquidations and panic among retail traders.
Analysis of Current Trends
The recent sell-off correlates with negative macroeconomic factors, such as weak U.S. jobs data and new tariffs. Experts point to negative funding rates on major exchanges, indicating an increase in short positions. This situation is raising concerns among investors.
The Future of Bitcoin: Analyst Predictions
Despite recent issues, some analysts expect a recovery for Bitcoin. According to QCP, traders are already positioning for growth, which may signal impending stabilization. If ETF inflows resume and funding rates normalize, it could lead to opportunities for buying at lower prices.
The market is currently under pressure, with focus increasingly on Bitcoin's resistance level at $115,000. A decisive breakthrough could shift overall market sentiment towards optimism.
