Bitcoin absorbed a 1.25 billion USD long liquidation with minimal disruption, suggesting strong market resilience. The recent price fluctuations from 111,699 USD to 107,270 USD highlight the risks of leveraged trading in Bitcoin, yet the overall price stability signals a possible supply squeeze ahead.
Ongoing data reveals about 70,000 BTC have exited exchanges this month, hinting at tightening liquidity. Institutional interest remains high, with BlackRock’s trust adding substantial holdings, reinforcing the notion of stealth accumulation and the potential for a bullish market turnaround.
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