en.bitcoinsistemi.com
The cryptocurrency markets experienced one of their biggest shocks in recent days, with Bitcoin, the largest digital asset, falling below $88,000.
Bitcoin, which approached $98,000 but retreated from the $95,000 resistance level, triggered a multi-billion dollar “liquidation” wave in the market.
According to data analyzed by Scott Melker and CoinFund President Christopher Perkins, over $1 billion in positions were liquidated during the recent market pullback. Approximately 182,000 individual investors lost all their balances in this process. Scott Melker described this as a futuristic catastrophe, noting that the liquidation amount is approaching the figures seen during the FTX crash ($1.2 billion).
Christopher Perkins attributes this market volatility to global political uncertainties and a corporate “change of ownership.” According to Perkins, the market is currently at a critical juncture:
Tariff debates under the new US administration, pressure on NATO, and the risk of global conflict are keeping markets “tense.”
A “war between individual investors and institutions” is raging in the market. Perkins states that individual investors have been hit hard by a lack of risk management, but institutional capital is patiently moving forward while awaiting regulatory clarity.
Another point that stood out in the news was Bitcoin’s correlation. Perkins stated that Bitcoin has not yet fully reached the status of “digital gold,” still oscillating between a high-risk asset and digital gold.
Although the liquidation wave has inflicted serious damage on the market, experts remain optimistic in the medium to long term. In particular, new regulatory frameworks in the US and the expansion of the futures market are expected to accelerate institutional entry into the market.
*This is not investment advice.