No ”panic selling” even in Bitcoin correction market...Low chances of Bitcoin falling further

Bitcoin (BTC), which fell to $93,000 the previous day, has entered a correction market as it has recovered to $96,000, but expectations of a long-term price rise have led to a large "pa
The analysis concluded that there was no "nick selling (panic selling)." It explains that the possibility of a major drop in the price of Bitcoin in the future is low.
As of 11:25 a.m. on the 20th, Bitcoin was trading at 90,680, up 1.35% from the same time the previous day, according to CoinMarketCap.
Bitcoin fell to $93,487 in the morning of the previous day, but the price rose and was trading in the $96,000 range in the afternoon of the same day.
Matrixport, a cryptocurrency service provider, announced through X that it had recently raised approximately $600 million (approximately $903 million) in the Bitcoin and Ethereum futures market.
"There was a forced liquidation of about 1.2 billion yen, but the price stabilized without any further decline," he said. "In previous bull markets, traders used too much leverage, which led to large-scale liquidations.
"When this happened, the price dropped sharply," he said. "Traders' leverage ratios are low now, and there are many investors who expect long-term price increases, so we haven't seen any panic selling."
"It is unlikely that prices will fall significantly in the future," he added.