| Time | Details |
|---|---|
| 2024-08-05 19:01 |
Potential Bear Trap in Current Market Correction
According to @CryptoMichNL, the current market correction might lead to a bear trap within this cycle. A massive capitulation event has caused $1.2 billion to be wiped out through leveraged positions. This significant event impacts both Bitcoin and the broader cryptocurrency market. Despite the challenging situation, there has been a good recovery throughout the day, but much work remains to be done. (Source) |