In the past 24 hours, the cryptocurrency market witnessed significant losses, with major tokens like Bitcoin, Ether, and others declining by over 4.5%. This downturn triggered liquidations of over $400 million in long positions, highlighting the impact on bullish investors. Analysts expect Bitcoin to remain range-bound as long-term holders strategically offload their holdings for profit-taking. Specific tokens like Solana, Dogecoin, and Bitcoin Cash experienced drops ranging from 7% to 10%.

Despite Bitcoin's struggles to consolidate above $71,000, resistance persists, reflecting broader market sentiments towards riskier assets. The market's near-term outlook suggests a period of consolidation and strategic profit-taking amidst challenging conditions.#BullorBear #BinanceLaunchpool #Memecoins #WIF #SHIB $BTC $SOL $DOGE