What's going on with Bitcoin?$BTC $ETH $BNB #Solana⁩

In October, our interlocutor noted, liquidations worth over $700 million have already been recorded. The analyst attributes such volumes to the fact that many traders were over-indebted. Lee noted that liquidations could be a kind of "reset" for the market, but it is too early to draw conclusions about trends for the rest of the month.

A 16% decrease in trading volumes, in his opinion, confirms the deteriorating mood of market participants. In conditions of macroeconomic uncertainty, market activity is slowing down. However, large institutional players, the expert noted, continue to accumulate Bitcoin in volumes comparable to mining. With their help, BTC manages to maintain the level of $60,000.