Bitcoin has shown resilience by holding above the key support of 95,000 USD, closing at 97,836 USD after dipping to 94,726 USD. This marks the highest selling pressure on Bitcoin since the 3AC collapse in June 2022, suggesting potential seller exhaustion.
If Bitcoin falls below 93,000 USD, it could lead to over 1.7 billion USD in liquidations of leveraged long positions across exchanges. Analysts warn that increased economic uncertainty from trade tensions may further pressure Bitcoin’s price.