BTC drops below $93,000 due to leverage overheating and profit-taking🚨
Bitcoin (BTC) continues to trade in the red, dropping below $93,000 on Tuesday after declining almost 5% the previous day. Crypto data shows that the recent price pullback is due to leverage overheating conditions and holders’ booking profits in BTC, resulting in $150 million in Bitcoin liquidations in the last 24 hours and $435 million in spot BTC Exchange Traded Funds (ETF) outflows on Monday.
