Summary
- Bitcoin (BTC) fell to $96,068, continuing a bearish trend.
- On domestic exchanges, kimchi premium was reported to be around 3.9%.
- It analyzed that market uncertainty, ETF capital outflows, and weakened liquidity influenced the widening of the decline.
Bitcoin (BTC) has temporarily relinquished the $106,000 level and is continuing a bearish trend.
As of 20:48 on the 14th, on the Binance USDT market Bitcoin was $96,068, down 6.77% from the previous day. On domestic exchange Upbit, it is about ₩145,580,000.
According to Cryprice, the kimchi premium for major virtual assets (cryptocurrencies) including Bitcoin (BTC) was about 3.9% that day.
This correction is analyzed as the result of structural factors converging, such as accumulated market uncertainty and an AI-driven funding squeeze. In addition, the fallout from large-scale liquidations in October, ETF capital outflows, and weakening market liquidity have contributed to widening the decline.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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