#BTC Bitcoin traders are bracing for potential downturn amid heightened volatility in the derivatives market. Despite record-high trading volumes, spot market activity remains subdued, raising concerns about a cascading price pullback. Key indicators to watch include ¹:

Current Price: Bitcoin's current price is $107,720.01, with a 0.35% increase in the last 24 hours.

Resistance Levels: Traders are watching crucial resistance levels, particularly above $113,000, where a sustained uptrend might face significant challenges.

Liquidation Levels: Accumulated liquidation levels beneath the $100,000 mark could trigger a significant downturn if breached.

Market Sentiment: The Crypto Fear and Greed Index has signaled extreme fear, which could potentially indicate a market bottom.

Global Liquidity: Some analysts predict a potential recovery in March 2025, based on Bitcoin's historical correlation with global liquidity.

Other notable cryptocurrency updates include ² ³ ⁴:

Bitcoin Cash: Trading at $498.20 with a 1.45% increase.

Wrapped Bitcoin: Trading at $107,681.98 with a 0.37% increase.

iShares Bitcoin Trust ETF: Trading at $60.72 with a -0.69% decrease.

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