Bitcoin hovered around $70,000, triggering massive liquidations of both longs and shorts that exceeded $250 million in the past 24 hours, as bears push to retest a local support level near $68,500. Analysts note that the lack of buying demand is hampering bullish momentum and that large liquidity pools remain poised for further moves. The price action underscores a battle for control, with bears aiming to drive the market lower while traders face heightened risk.
Analyzed by FNXT Experts