Bitcoin Takes a Dive After Hitting New All-Time High

Bitcoin experienced a significant drop of 6%, losing over $3,000 in value from its recent record high. Over 130,000 traders were liquidated during this downturn, totaling more than $550 million in losses. This decline comes amidst heightened short-squeeze pressure and the anticipation of upcoming market events that could significantly influence Bitcoin’s trajectory. While short-term holders remain relatively unchanged, there’s growing speculation regarding the potential for a larger market correction in the coming weeks.