$BTC Long Liquidation: $9.97K Wiped Out at $100,751.1!
The bulls just got blindsided! 🚨 A $9,974.4 long liquidation hit as
#BTC dropped to $100,751.1, leaving traders who bet on the upside caught in the crossfire.
What Happened?
🔹 Bullish Momentum Falters:
#BTC couldn’t hold its ground, triggering a cascade of long liquidations.
🔹 Support Cracked: The key $101K support was breached, unleashing a wave of selling pressure.
🔹 Market Impact: With nearly $10K in liquidations, this sharp move is shaking confidence in the market.
What’s Next for #BTC?
Support Levels to Watch: $100K is now the critical psychological level to hold for any hope of a rebound.
Bearish Continuation? Failure to reclaim $101K could lead to further downside, with $97K as the next potential target.
Potential Reversal? If the market finds solid support, a recovery to $105K might be in play, but it’ll need strong buying pressure.
💡 Pro Tip: Stay cautious in volatile conditions like these. Traders should watch for signs of stabilization before entering new positions.
Will
#BTC rebound, or is more downside on the horizon? The next few days will be crucial! 📉
#CryptoUpdate
#BTC #LongLiquidation