Markus Thielen analyzes the risk of Bitcoin falling below $50000 and looks down on Ethereum

Markus Thielen from 10x Research stated that the outflow of ETF funds, macro resistance, and lack of catalyst are driving down BTC prices, and believes that there is a risk for BTC prices to fall below the range of $50000 to $46000 to $47000. Markus Thielen holds a bearish view on Bitcoin and Ethereum, and points out that HYPE is overvalued at $72 and is unlikely to reach $100. In addition, the outflow of $4.5 billion in ETF funds and Saylor's Bitcoin sales have had an impact on the market. （CoinDesk）