Bitcoin fell again this week, with the market seemingly reacting to a chart glitch on Tradingview.
The price of Bitcoin fell to around $95,000 after social media users flagged an anomaly in the Bitcoin chart on the platform, which incorrectly showed that Bitcoin's share of the total cryptocurrency market value fell to 0%.
Although the data was later fixed, it triggered a sudden trading reaction that sent Bitcoin prices lower. According to CoinGlass data, about $33 million in Bitcoin long positions were liquidated within four hours at the time.
Bitcoin's market dominance has recently become a focus for traders as the price of Bitcoin climbed to an all-time high, causing altcoins to lag behind. In mid-November, Bitcoin's share of the entire cryptocurrency market value exceeded 61.5% before falling back, which to some extent raised market expectations of a potential "alt season is coming." (Cointelegraph)