{"id":135485,"date":"2024-08-13T18:45:17","date_gmt":"2024-08-13T15:45:17","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135485"},"modified":"2024-08-13T17:52:32","modified_gmt":"2024-08-13T14:52:32","slug":"bitcoins-bullish-potential-clouded-by-500m-in-looming-liquidations","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoins-bullish-potential-clouded-by-500m-in-looming-liquidations\/","title":{"rendered":"Bitcoin&#8217;s Bullish Potential Clouded by $500M in Looming Liquidations"},"content":{"rendered":"<p>According to Jamie Coutts, a leading analyst at Real Vision, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin\u2019s<\/a><\/strong> mid-cycle correction aligns with historical patterns related to the global M2 money supply. Coutts highlighted that Bitcoin often bottoms out before the global liquidity bottom, then surges ahead of liquidity movements, leading to a mid-cycle correction.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Over the past decade, <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Bitcoin<\/a> has had a tendency to trough several months before the bottom in global M2. Then it rips, gets way ahead of the move in liquidity, and has a mid-cycle correction.<\/p>\n<p>Now, momentum in global liquidity is starting to accelerate higher while all the\u2026 <a href=\"https:\/\/t.co\/0A9hV9m25h\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/0A9hV9m25h<\/a><\/p>\n<p>\u2014 Jamie Coutts CMT (@Jamie1Coutts) <a href=\"https:\/\/twitter.com\/Jamie1Coutts\/status\/1823319580728869128?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">August 13, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Coutts\u2019 assessment comes as Bitcoin rebounds from a recent $510 billion market sell-off that dropped its price to a five-month low of $49,500 on August 5. Despite the recovery, Bitcoin remains below the significant $60,000 threshold.<\/p>\n<p>However, Bitcoin\u2019s price could face a dip to around $55,000. Coinglass <strong><a href=\"https:\/\/www.coinglass.com\/pro\/futures\/LiquidationMap\" target=\"_blank\" rel=\"nofollow\">data<\/a><\/strong> suggests that a decline below $58,000 could trigger the liquidation of $489 million in leveraged short positions. If Bitcoin drops below $57,500, liquidations could exceed $800 million.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-at-a-crossroads-crash-ahead-or-major-surge\/\" title=\"Bitcoin at a Crossroads: Crash Ahead or Major Surge?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/red-markets-e1690732869472-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin at a Crossroads: Crash Ahead or Major Surge?<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Bitcoin is also struggling with a two-week downtrend, which began on July 28. Analyst Rekt Capital noted that overcoming this downtrend and achieving strong buying volume could be crucial for Bitcoin to regain upward momentum. Some analysts predict a potential drop to $55,000 before Bitcoin can potentially rise further.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8217;s current macroeconomic environment seems &#8220;ideal&#8221; for a breakout, yet the cryptocurrency faces potential instability due to over $500 million in upcoming liquidations.<\/p>\n","protected":false},"author":3,"featured_media":24564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-135485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin&#039;s Bullish Potential Clouded by $500M in Looming Liquidations - CryptoDnes EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoins-bullish-potential-clouded-by-500m-in-looming-liquidations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin&#039;s Bullish Potential Clouded by $500M in Looming Liquidations - 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