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Bitcoin has just filled that pesky CME gap around $88,000, dipping down to tag the level before bouncing a bit. Right now, Bitcoin USD is hovering near $90,000 after taking some heat from broader market jitters. It’s been a rollercoaster start to the year, but filling the gap is a classic technical move many traders watch closely.
Bitcoin USD has pulled back from early-January highs near $95,000, now sitting around $89,000 after wiping out a chunk of those gains. We saw over $1 billion in liquidations during the drop, which cleaned out some overheated leverage and left the market feeling a little less frothy.
On-chain stuff looks decent: leverage is down, holders are staying put, and we’re testing support right around where that...