Markets· ★★★· bearish·

Van de Poppe calls Bitcoin dip a 'phenomenal buying opportunity'

  • —Bitcoin is down over 5% this week and briefly hit $82,500
  • —Van de Poppe called the correction a 'phenomenal buying opportunity'
  • —About $577 million was pulled from US Bitcoin and Ethereum funds
  • —$414 million in positions were forcibly closed within four hours
Why it matters: Fund outflows and a liquidation cascade suggest the correction may not be over, even as analysts urge buying the dip.
Source: Crypto Insiders