BTC could drop to $13,000?

Even though the main digital asset is not showing any resonance from the FTX collapse, many analysts believe that this may change in the near future. Events such as the collapse of FTX and Alameda Research are very rare and the bankruptcy of the American stock exchange can really be called a black swan. For this reason, due to the shock of the cryptocurrency market, analysts expect a corresponding resonance in the main cryptocurrency as well.

However, so far the market has already been able to adapt and get used to the news about FTX. Earlier, the new head of the American stock exchange, John Ray, accused his predecessor Sam Bankman-Freed of extremely strong incompetent behavior. He also said that FTX's financial transparency was poor and that Sam's entire team was incompetent and compromised. Bankman-Fried, in turn, is trying to obstruct regulators and the FTX bankruptcy hearing.

A well-known trader who posts on Twitter under the nickname Il Capo of Crypto talked about the fact that altcoins can lose 50% of the value and now he repeats his warning. According to him, many traders and investors may not be ready for what awaits them, and therefore it is better to withdraw funds from the exchanges. In addition to this, it is worth mentioning that many institutional traders began to enter short positions, which also indicates that large players are in anticipation of a decline in the main cryptocurrency.

Another well-known trader known as Titan of Crypto reports that although Bitcoin has liquidity on the order books to reach $18,500, most will still drive the main digital asset to $13,500. Analysts from the Material Indicators portal recently did their little research and found that the liquidity between the price of $16,500 and $13,000 on the Binance order book is $195,000,000.