Summary
- Analyst Ali Martinez argued that the Bitcoin correction is not yet over.
- Martinez said recent realized losses are only -3.5%, indicating further correction may be possible.
- It reported that Bitcoin is trading on Binance's USDT market at $112,966, up 0.76% from 24 hours earlier.
A claim has emerged that Bitcoin (BTC)'s correction may continue.
On the 30th (local time), Ali Martinez, a cryptoasset (cryptocurrency) analyst, said on X (formerly Twitter), "Over the past two years, Bitcoin correction phases have ended when traders' realized losses reached -12%," adding, "Currently it is only around -3.5%, so the correction may continue."
As of 8:35 p.m., Bitcoin was trading at $112,966 on Binance's USDT market, up 0.76% from 24 hours earlier.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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