Bitcoin – Here’s what liquidation data is predicting for BTC’s price
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Bitcoin's price is consolidating around $90k, indicating a potential upward movement towards six-figure levels. However, recent volatility and a significant liquidity sweep of $440 million, primarily affecting long positions, suggest caution. The market is experiencing a net outflow of $244 million from Bitcoin ETFs, indicating weak institutional interest. A pullback to $90k is likely before a potential rise to $95k, as capital flows into altcoins are currently limiting Bitcoin's growth. Overall, a clear base has not yet formed for Bitcoin, keeping long-term traders under pressure.
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