🚨 Bitcoin price dipped to a 40-day low of $40,700 on Jan 19, sparking concerns of major liquidations if it loses the $40,000 support. 😱 But fear not, miners and bullish futures traders have swooped in to defend the crucial level! 💪

🔹 Miners acquired $482 million worth of BTC amid the downturn, increasing their reserves by 12,058 BTC on Jan. 19 alone.

🔹 Bullish derivatives traders held their ground, with open interest barely shedding 2% during the price slump.

📈 Can Bitcoin stay above $40,000? On-chain data suggests there's significant support in the $40,000 area. 🚀

What do you think? Will BTC hold strong above $40,000? Share your thoughts in the comments! 👇