Bitcoin’s $1 Billion Liquidation Tsunami: Just Another Dip Or Is The Bull Run Over?

Bitcoin (CRYPTO: BTC) has plunged by over $10,000 since its all-time high in July, leaving traders divided on whether the market has one more significant leg up left.

What Happened: Analytics provider Santiment reported on Monday that Bitcoin’s drop to $112,200 from its all-time high of $123,800 has sparked the highest “buy the dip” chatter in 25 days.

Historically, however, heavy retail optimism often precedes further downside, raising questions about whether capitulation has occurred.

The retrace, just -8.1% over six weeks, is mild by Bitcoin’s standards, as prior cycle corrections typically ran -15% to -20% before …

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