Gate News bot message, Bitcoin (BTC) analyst Pierre Rochard pointed out in an article on X that the reason Bitcoin dropped below $100,000 is not due to inherent network vulnerabilities or excessive leverage, but because Bitcoin is a highly liquid asset that can be easily sold globally at any time to drop the leverage of other assets.
It is worth noting that if geopolitical tensions escalate, the cryptocurrency market may further drop. Other retaliatory attacks, such as Iran's restrictions on access to the important oil transport route of the Strait of Hormuz, could scare risk asset investors. Oil prices may soar, and investors flocking to safe-haven assets could exacerbate risk aversion sentiment, potentially suppressing Bitcoin prices in the short term.
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Analyst: The reason Bitcoin (BTC) fell below 100,000 is not due to excessive leverage.
Gate News bot message, Bitcoin (BTC) analyst Pierre Rochard pointed out in an article on X that the reason Bitcoin dropped below $100,000 is not due to inherent network vulnerabilities or excessive leverage, but because Bitcoin is a highly liquid asset that can be easily sold globally at any time to drop the leverage of other assets.
It is worth noting that if geopolitical tensions escalate, the cryptocurrency market may further drop. Other retaliatory attacks, such as Iran's restrictions on access to the important oil transport route of the Strait of Hormuz, could scare risk asset investors. Oil prices may soar, and investors flocking to safe-haven assets could exacerbate risk aversion sentiment, potentially suppressing Bitcoin prices in the short term.