The Bitcoin market is at a critical juncture! According to Coinglass data, if the Bitcoin price falls below $92,000, the liquidation intensity of long positions on major crypto exchanges will reach $321 million 💸. This means the market may undergo a 'cleansing' of bulls.
On the other hand, if the Bitcoin price breaks above $97,000, the liquidation intensity of short positions will reach $353 million 📈. This could bring a glimmer of hope for bulls, perhaps a good opportunity for a counterattack.
Regardless of how the market fluctuates, investors must remain calm and rationally analyze market dynamics to make informed decisions. 🔍