Bitcoin Price Impacted by Overleveraging and Miners’ Sell-Offs Amid Volatility, Says Analyst Willy Woo

Bitcoin (BTC), the most prominent cryptocurrency, briefly fell below the critical support level of $60,000 early today before rebounding to above that mark. Prominent crypto analyst Willy Woo noted that the recent Bitcoin price correction has helped clear excessive leverage from the market, though the correction process is not entirely over. “Without purging futures open

Source: CoinOtag