Bitcoin holds $71K – But $800 mln in liquidations tell a bigger story
Bitcoin demonstrated notable resilience by reclaiming the $71,000 level despite over $800 million in liquidations within two days, triggered by geopolitical tensions involving former U.S. President Trump. While the market absorbed the shock and saw leveraged long positions increase, on-chain data reveals caution among large holders. Whale activity has declined significantly, with large transfers hitting multi-month lows, and the Coinbase Premium Index indicates weakening demand. This divergence suggests the recent price strength may be illusory and缺乏 broad-based support. Without stronger spot momentum, the current setup risks turning into a bull trap, making it premature to confirm a bottom. Traders should remain cautious.
ambcrypto03/25 16:02
