Hi there i am asking this because i took out a loan at Nexo against my bitcoin. They told me my collateral bitcoin would have to drop 40 percent before they would start selling my bitcoin if the LTV threshold was passed. For me that would be if bitcoin were to drop to around 5900 in price. So my question what are the chances of bitcoin dropping back to below 5900 again? I know anything is possible like what happened in march but realistically at this stage and time, what are the chances of that happening and me losing all my bitcoin? Thanks
Slim, unless there's a massive FUD that will really sow panic to the investors to liquidate and sold-off.
But so far the overall health of crypto market is very good and we're not seeing any negative news and as you can see we just breach $10,000 briefly, meaning confidence is high right now.