While Bitcoin (BTC) currently stabilizes around the **\$56,400** mark, the downward trend appears to be ongoing. The market has been overwhelmed by a wave of anxiety triggered by substantial BTC liquidations, leading to a selling force that surpasses the inflow from governmental disbursements and MTGOX distributions. The day witnessed a surge in trading activity, with the broader market seeing a rise in volume, and altcoins suffering significant two-figure percentage drops. A few hours earlier, Ki Young Ju, the CEO of CryptoQuant, shared his insights, stating: “For cutting-edge technology news, keep informed with NEWSLINKER.”
