Matrixport: Bull Liquidation Bitcoin Falls Sharply, $59,000 Mark in Focus

Matrixport released its latest report saying that bitcoin suddenly fell sharply this morning. With the bullish momentum lacking after Monday's trading, the bulls who bought bitcoin last week due to dovish comments from the Federal Reserve may have been liquidated. Today's pullback was not triggered by an obvious event, indicating that in a low liquidity environment, the liquidation of bulls may be the main cause. If bitcoin falls below the $59,000 mark, it may trigger more market concerns.