CryptoQuant: Holding above 101,000 USD for BTC as a buying opportunity; breaching this level might undermine bullish structure

Bitcoin broke below the critical support of 107,000 USD, hitting a low of 98,000 USD before rebounding to the key level of 101,000 USD.

Approximately 640 million USD in long positions were liquidated in 24 hours, highlighting the market’s current volatility and the importance of holding above the 101,000 USD level.