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Bitcoin has managed to find support at $93,000. BTC is still down 2.66% on the day, while the broader crypto market cap is approximately $3.14 trillion, marking a 2.61% daily decline.
According to the Bitcoin liquidation heatmap from Coinglass, there is more liquidity sitting below the current price, especially around the $90,000 area, compared to above it. That suggests a lot of traders are leaning long, so if price slips and support breaks, forced selling could kick in fast and snowball. On the upside, liquidity is thinner and more spread out, meaning price would need real demand to push higher, not just shorts getting squeezed.
Bitcoin Price Prediction: BTC Fails at Key Resistance, Downside Risk Builds Below Range
Bitcoin just...