Over 240,000 traders experienced liquidations, primarily on long positions (85.3%). The price of Bitcoin has remained stable between 116,000 USD and 120,000 USD after reaching 123,218 USD recently. A recovery above the upper boundary may signal continued upward momentum.
Market participants should monitor key support zones closely. If Bitcoin’s price breaches the lower boundary, it could signal further declines, affecting the performance of altcoins like Ethereum and Solana.
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