Bitcoin’s 45-Day Crash Explained: Triggered by Liquidations, Not Fundamental Shifts

The Bitcoin market experienced a sharp decline after reaching an all-time high of over $126,000 on October 6th. A sudden shift occurred within days, leading to the cryptocurrency’s downfall. New analysis from The Kobeissi Letter highlights that this dramatic plunge was triggered by a combination of factors including major liquidation events and market pressures stemming from China-US trade tensions.