Matrixport: bitcoin plummets after long liquidation, $59,000 mark in focus

Matrixport released a new report stating that Bitcoin has suddenly fallen sharply this morning. Longs that bought bitcoin last week on dovish Fed comments may have been liquidated due to the lack of bullish momentum after Monday's trading. Today's pullback was not triggered by an obvious event, suggesting that long liquidation may be the main cause in a low liquidity environment. If Bitcoin falls below the $59,000 mark, it could trigger more market concerns.