Bitcoin continues to show signs of price consolidation, with its value hovering just below the $87,000 mark. As of today, BTC is trading at approximately $86,990, reflecting a 0.8% decline over the past 24 hours. Despite the slight dip, the broader picture shows that Bitcoin has stabilized above $85,000 for several consecutive sessions, signaling a pause in the strong upward or downward momentum observed in previous weeks. Related Reading: Bitcoin Holds Steady Above $86K as On-Chain Data Points to ‘Bullish Shift’ Long Liquidation Indication For The Market While volatility appears subdued, market dynamics remain active behind the scenes. CryptoQuant contributor Amr Taha recently provided insights into Bitcoin’s latest market structure, highlighting a key development: the liquidation of $359.7 million worth of long positions. This event has drawn attention to potential shifts in sentiment and important technical levels that may act as support or resistance in the short term. According to Taha, a long liquidation occurs when traders holding leveraged long positions are forced to close their trades after the price drops below their margin thresholds. When this happens at scale, as see ..
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