Bitcoin has slipped below the $98K mark amid increased selling pressure and market uncertainty ahead of the U.S. inflation report. Reports indicate that Binance has liquidated major holdings in Bitcoin, Ether, and Solana, adding to the bearish momentum.

💰 Market Liquidations:

Bitcoin liquidations have hit $32.21M

Buyers absorbed $23.7M in losses

Sellers faced $8.41M in liquidations

MVRV ratio dropped from 2.35 to 2.22, signaling profit-taking by long-term holders

Volatility eased from 38.12% to 33.52%, suggesting a potential stabilization phase

📊 What’s Next?

Strong support at $91K could trigger a rebound to $98K–$102K

If BTC fails to reclaim the EMA20 level, further drops to $89K or lower are possible

Traders are eyeing this dip as a buying opportunity, but caution is key. If Bitcoin stabilizes, a strong breakout may follow. Will BTC bounce back, or is a deeper correction ahead?

$BTC

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