Bitcoin Price Collapse Looms as $7.6M Zone Triggers Panic Selling

Jiang Zhuoer, a well-known figure in the cryptocurrency world, has explained why he recently liquidated his Bitcoin holdings. According to Jiang, there is a '7.6 million dollar concentrated explosion zone' below the price of BTC, which could trigger a more significant collapse.

In an interview, Jiang emphasized that this zone is not just a theoretical concept but a real possibility. He believes that if the price falls below $7.6 million, it will create a domino effect and lead to further selling pressure, potentially causing the price to drop even lower.