🚨 World $BTC News🔥

Bitcoin Price Stagnates Near $104K as Inflation Worries Weigh on Momentum

Bitcoin (BTC) is hovering near key support levels around $104,000, but despite brief volatility and a wide trading range, the market shows signs of exhaustion. Weak trading volume, subdued on-chain activity, and persistent inflation have combined to stall any immediate upside.

Market Reset Underway as Leverage Flushes Out

The start of the week brought heightened volatility, culminating in a sharp liquidation event that rattled both bulls and bears. Data from Glassnode revealed that over $28.6 million in long positions and $25.2 million in shorts were wiped out in a single day. This dual-sided liquidation led to a 7% drop in BTC-denominated open interest, falling from 360,000 to 334,000 $BTC