🟠$202 Million In Long Liquidations Rock Bitcoin Market — What’s Next For $BTC Price?

🟠Over the weekend, Bitcoin’s price extended its disappointing performance, falling to around $103,000 in the early hours of Saturday, May 31st. 🟠While the premier cryptocurrency seems to have recovered fine in the past day, its price is still more than 6% away from the recently achieved all-time high of $111,814. Interestingly, the latest on-chain data suggests that the Bitcoin price could resume its upward trajectory anytime from now. 🟠Mass Long Liquidations Could Mean Sustained Upward Trend For BTC In a Quicktake post on the CryptoQuant platform, on-chain analyst Burak Kesmeci shared that the Bitcoin market witnessed its third-largest long liquidation in the month of May. 🟠Data from CryptoQuant shows that $202 million in BTC long positions were liquidated on the B nance derivatives exchange on Friday, May 30th.#StrategyBTCPurchase