📉 Bitcoin’s $11B Futures Shakeout — Market Recovers, Confidence Rebuilds!

#Bitcoin witnessed a massive liquidation wave, dropping from $123K → $102K as nearly $11B in futures positions were wiped out.

Despite the sharp fall, the market quickly bounced back, now trading around $115K with daily volume exceeding $92B — a strong indication of active participation and renewed trader confidence.

💪 The $108K support level showed impressive strength, holding firm through the turbulence. Analysts highlight that overleveraged traders took the hardest hit as long-short ratios soared close to 90%.

📊 Technical Outlook:

RSI: hovering near oversold territory

MACD: showing mixed signals, hinting at cautious optimism

Most experts view this drop as a healthy correction rather than a bearish reversal.

Smart money is accumulating around support zones, eyeing a confirmed breakout above $123K to reestablish bullish momentum.

🔒 Long-term holders remain unfazed, citing strong fundamentals and rising institutional adoption as the backbone of Bitcoin’s continued growth.

#CryptoNews #BTC #BitcoinUpdate #Futures #MarketRecovery #BinanceFeed