*Low liquidations during extreme volatility strengthen the $60,000 support.*
Despite the dramatic $5,850 swing in Bitcoin’s price on April 19, liquidations in BTC futures remained relatively minimal, totaling around $45 million, as per data from Coinglass. This suggests that market participants were not heavily leveraged, a bullish signal considering that the $60,000 level has become a significant psychological support.
Cryptocurrency analysts at Amina Bank suggested that geopolitical tensions are not the sole drivers of market sentiment. As noted in their research, "Trading volumes, ETF flows, and news coming out of US inflation data are also pivotal."
