On December 26, the Bitcoin market underwent significant changes due to erroneous data on the TradingView platform.
Sharp Bitcoin Price Drop
Amidst erroneous information about Bitcoin dominance, the cryptocurrency's price fell by 4%. Users on social media noted that the TradingView chart showed Bitcoin's dominance at 0%.
Traders' Reactions to the Error
Traders immediately reacted to the error, causing the BTC/USD pair to drop. About $33 million in long positions were liquidated over four hours. This failure was perceived as panic selling caused by incorrect data.
Bitcoin Forecasts and Expectations
Despite the current volatility, many market participants remain optimistic. Investors believe that Bitcoin will continue to rise in price after the new year. Moreover, Bitcoin dominance is expected to peak, which could lead to a new surge in the coming months.
Although the TradingView data error led to volatility, the Bitcoin market maintains growth potential in the coming months, remaining attractive to investors.
