koinmilyoner
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Bullish
BTC falls below $96,000, knocking out leveraged traders
Bitcoin fell below $96,000 on Wednesday.
Crypto market liquidations have reached $694.11 million in the previous 24 hours due to the price drop.
Binance's CryptoQuant BTC Net Taker Volume has dropped, indicating strong selling.
Bitcoin (BTC) fell below $96,000 on Wednesday after falling more than 5% the day before. Crypto market liquidations have reached $694.11 million in the previous 24 hours due to the price drop. CryptoQuant BTC's Binance Net Taker Volume has also dropped, indicating greater selling pressure and further depreciation.
Over $694 million disappears when Bitcoin goes below $96,000.
Bitcoin fell below $96,000 on Wednesday after losing more than 5% the day before. According to CoinGlass, this price adjustment caused $694.11 million in crypto market liquidations in the previous 24 hours, including approximately $125 million in BTC.
CryptoQuant Bitcoin's Binance hourly Net Taker Volume fell substantially on Tuesday, indicating heightened selling pressure. The Institute for Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) and Job Openings and Labor Turnover Survey (JOLTs) data released on Tuesday showed unfavorable results for risky assets, bringing this metric to its highest value in 2025 at -$325 million.
Another evidence of weakness is Coinglass's Bitcoin long-to-short ratio, 0.89, the lowest in over a month. This ratio below one indicates pessimistic market sentiment as more traders bet on BTC falling.
Institutional demand is also declining. Coinglass reported a little influx of $52.40 million in Bitcoin spot ETFs on Tuesday, compared to $978.60 million on Monday. If flow data drops or shows a big outflow, Bitcoin price may fall.
BTC price forecast: weakening
Bitcoin fell 5.17% on Tuesday, below $100,000 support. As of Wednesday, it's roughly $95,800.
BTC may challenge its 38.2% Fibonacci retracement mark at $92,493 (from the November 4 low of $66,835 to the December 17 high of $108,353) if it continues its drop.
#AIMarketCapDip #CryptoMarketDip $BTC
Bitcoin fell below $96,000 on Wednesday.
Crypto market liquidations have reached $694.11 million in the previous 24 hours due to the price drop.
Binance's CryptoQuant BTC Net Taker Volume has dropped, indicating strong selling.
Bitcoin (BTC) fell below $96,000 on Wednesday after falling more than 5% the day before. Crypto market liquidations have reached $694.11 million in the previous 24 hours due to the price drop. CryptoQuant BTC's Binance Net Taker Volume has also dropped, indicating greater selling pressure and further depreciation.
Over $694 million disappears when Bitcoin goes below $96,000.
Bitcoin fell below $96,000 on Wednesday after losing more than 5% the day before. According to CoinGlass, this price adjustment caused $694.11 million in crypto market liquidations in the previous 24 hours, including approximately $125 million in BTC.
CryptoQuant Bitcoin's Binance hourly Net Taker Volume fell substantially on Tuesday, indicating heightened selling pressure. The Institute for Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) and Job Openings and Labor Turnover Survey (JOLTs) data released on Tuesday showed unfavorable results for risky assets, bringing this metric to its highest value in 2025 at -$325 million.
Another evidence of weakness is Coinglass's Bitcoin long-to-short ratio, 0.89, the lowest in over a month. This ratio below one indicates pessimistic market sentiment as more traders bet on BTC falling.
Institutional demand is also declining. Coinglass reported a little influx of $52.40 million in Bitcoin spot ETFs on Tuesday, compared to $978.60 million on Monday. If flow data drops or shows a big outflow, Bitcoin price may fall.
BTC price forecast: weakening
Bitcoin fell 5.17% on Tuesday, below $100,000 support. As of Wednesday, it's roughly $95,800.
BTC may challenge its 38.2% Fibonacci retracement mark at $92,493 (from the November 4 low of $66,835 to the December 17 high of $108,353) if it continues its drop.
#AIMarketCapDip #CryptoMarketDip $BTC
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