
Tags: btc
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Almost 115,000 traders were liquidated after the market capitalization of the crypto sector soared to just under $4 trillion.
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Bitcoin hits $116K after 120K BTC were bought near $112K while long-term holders realized $44M in profits.
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Bitcoin may revisit $105K, where metrics like short-term holder cost basis and UTxO walls indicate heavy exposure and potential stress.
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Oversold conditions and seller exhaustion signal a potential bounce, but growing fragility may give room for negative triggers.
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The leading asset experienced several consecutive red days, and its price remains shaky.
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The market’s current condition suggests that speculative appetite is declining across sectors, with cautious sentiment and elevated leverage.
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BTC dipped below $113,500.
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Ethereum extended its winning streak to 15 weeks with $133 million in inflows, even as Bitcoin flows turned negative.
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