Bitcoin ($BTC ) experienced a local correction, which resulted in the liquidation of long positions totaling $156,300 at the $95,478 and $95,250 levels.
📉 Details of liquidations:
$77.1K at a price of $95,478.50
$79.2K at $95,250.00
📊 What happened?
Short-term decline: BTC failed to hold above $95,500, causing positions to be closed with losses.
Pressure builds: Break of key support levels has intensified liquidation of longs.
📈 Market Impact:
Sentiment is weakening: Liquidations of long positions could temporarily dampen bullish momentum.
Volatility Rising: The market remains in a zone of strong fluctuations, attracting both buyers and sellers.
🔮 What to expect next?
BTC may test the support level around $95,000. If it holds, the uptrend may be restored. However, traders should be cautious given the current volatility. ⚠️