Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, " Bitcoin saw a significant sell-off over the weekend, falling nearly 15% for the week – the steepest drop since the FTX collapse in November 2022. The decline continued in Asian trading on Monday, pushing Bitcoin to its lowest point since February. Over the past two days, liquidations have climbed to nearly $200 million, the most since the beginning of July. The cryptocurrency broke through a wedge pattern early Monday, indicating the potential for further price declines. Bitcoin price may be drawing attention at key support levels including $56,000, $47,000, $40,000 and $35,000."