CryptoQuant: BTC breaks below the support level of $57,000, may drop to $40,000
ChainCatcher news, the latest report from the cryptocurrency data analysis platform CryptoQuant.com shows that Bitcoin has plummeted over 16% in the past 24 hours, falling below the $57,000 support level.
CryptoQuant points out that this breakthrough may indicate a further risk of Bitcoin's price dropping to $40,000. The report also emphasizes that current traders are facing the most severe unrealized profit margin negative since November 2022.
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