Bitcoin experienced a 4% price decline on December 26 after TradingView mistakenly reported Bitcoin dominance at 0%. This error led to a significant market reaction, sending Bitcoin’s price down to about 95,000 USD as traders panicked.
As market participants processed the data glitch, around 33 million USD in BTC longs were liquidated rapidly. This figure highlights the fast-paced and volatile nature of the cryptocurrency market, where reactions to such anomalies can lead to substantial financial movements.
Despite the recent turmoil, analysts suggest potential growth for Bitcoin and anticipate a bullish trend in early 2025. Speculations indicate price targets reaching the 110,000 to 130,000 USD range, supported by comparisons with past economic phenomena like the Dotcom bubble.