Bitcoin faces increased volatility as liquidations spike. Key levels and market trends indicate potential breakouts or corrections ahead.
The market has witnessed intense liquidation activity, with the highest concentration occurring between $101,500 and $99,800.recent price fluctuations have captured the attention of traders as volatility intensifies, leading to a surge in liquidations.
The MACD histogram, on the other hand, was turning less negative, suggesting a potential bullish crossover, but the signal line remained below the zero line, meaning that the downtrend had not fully reversed yet. This zone represents the maximum pain point, where both long and short positions have been liquidated at an accelerated rate.The rapid unwinding of positions has amplified price instability, forcing traders to reassess their strategies.
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