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Bitcoin (BTC) has seen significant price action today, with a sharp dip followed by recovery. Earlier, Bitcoin briefly dropped below $92,000 from its recent high of $104,000, leading to over $1 billion in liquidations within 24 hours. The majority of liquidations ($810 million) were from long positions, indicating that many traders were caught off guard by the sudden volatility. This activity was most prominent on exchanges like Binance, OKX, and Bybit.

As of now, Bitcoin has rebounded to around $96,500, showing strong demand despite market uncertainties. Analysts remain optimistic about BTC's long-term trajectory, with some predicting potential parabolic moves toward $130,000 if key resistance levels are broken.