2 Reasons Why Bitcoin (BTC) Could Bleed Even More in the Short Term
Bitcoin recently fell to around $73,500, its lowest since August, and is currently trading near $74,100, down about 10% in the past month.
The upcoming US index data is critical as it may influence the Federal Reserve's monetary policy, with expectations for a 0.3% increase that could lead to further declines in BTC prices.
A significant short position of $94 million opened by a major investor is raising concerns among traders, as such moves could create panic and increase selling pressure in the market.