$BTC Long Liquidation Shock: $18.651K Wiped Out at $96,137.6

Bitcoin's price just sent shockwaves through the market as a staggering $18.651K long liquidation occurred at $96,137.6. This sudden jolt shakes up trader confidence and reveals the intense volatility in play.

Key Insights:

Massive Unwinding: The liquidation of such a significant amount underscores the precarious nature of the current Bitcoin rally.

Resistance Tested: The $96,137.6 level was a critical support that could not hold, leading to a cascade of forced sell-offs.

Market Anxiety: As long positions close and traders brace for potential further drops, the question on everyone’s mind is whether Bitcoin can stabilize or face a deeper pullback.

Will this liquidation be a temporary shake, or are we looking at a bigger correction for BTC? The next few hours could be crucial in determining Bitcoin's future direction.

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