Bitcoin sees ‘pure manipulation’ as US sell-off liquidates $200M in an hour
NegativeCryptocurrency

- Bitcoin's price has dropped below $87,000 following a significant sell-off on Wall Street, which liquidated approximately $200 million in long positions within an hour. This decline occurred despite Strategy's recent announcement of acquiring over 10,000 BTC, highlighting a stark contrast in market sentiment.
- The rapid liquidation and price drop raise concerns about the stability of Bitcoin and the broader cryptocurrency market, as investor confidence is shaken by perceived manipulation and volatility in trading practices.
- This incident reflects ongoing challenges within the cryptocurrency sector, including fluctuating demand, regulatory uncertainties, and the impact of institutional trading strategies, which have led to adjustments in price targets and a cautious outlook among market participants.
— via World Pulse Now AI Editorial System







