Following a significant liquidity event exceeding 1 billion USD, Bitcoin’s dominance has increased. As investors seek safety, BTC stabilizes around 104,957 USD, reflecting a minor decrease of 0.17%.
The liquidation of over 247,000 traders occurred within a day, with the most massive wipeout being a 200 million USD long position on Binance. This situation has prompted traders to redirect their focus towards BTC.
Technical indicators suggest that if BTC surpasses critical resistance levels, it could potentially reach 108,864 USD. With conditions seemingly stabilizing, Bitcoin retains its position as a solid investment option.
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