As geopolitical tensions panicked investors, Bitcoin prices fell to around $98,000. As news of easing tensions spread, Bitcoin prices quickly rebounded to above $108,431 on Wednesday. Despite price fluctuations, Bitcoin has returned to the familiar range in which it has traded for nearly two months.
The $93,000-100,000 area of Bitcoin has become a key support level, and the rise has concentrated in this area. Recent data also shows that investors' profitability is gradually weakening. After three significant profit-taking waves in the current bull market cycle, the 30-day moving average of realized profits has begun to decline.
The futures market remains active, but also shows signs of caution. Over the weekend, long position liquidations reached $28.6 million and short position liquidations reached $25.2 million, indicating a rapid reversal of market sentiment. As traders readjusted their positions, the number of open contracts fell by about 7%, from 360,000 bitcoins to 334,000 bitcoins.
BTCUSD 
BTCUSDT BTCUSD BTCUSD BTCUSD BTCUSD
The $93,000-100,000 area of Bitcoin has become a key support level, and the rise has concentrated in this area. Recent data also shows that investors' profitability is gradually weakening. After three significant profit-taking waves in the current bull market cycle, the 30-day moving average of realized profits has begun to decline.
The futures market remains active, but also shows signs of caution. Over the weekend, long position liquidations reached $28.6 million and short position liquidations reached $25.2 million, indicating a rapid reversal of market sentiment. As traders readjusted their positions, the number of open contracts fell by about 7%, from 360,000 bitcoins to 334,000 bitcoins.
BTCUSD BTCUSDT BTCUSD BTCUSD BTCUSD BTCUSD 
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Good at solving all trading problems, doubling the account in a week, and making a stable profit of 300% in a month
🚀Private VIP: t.me/HenryDovitt
👍Market exclusive signal: t.me/Henryffjyfylffc108
🚀Private VIP: t.me/HenryDovitt
👍Market exclusive signal: t.me/Henryffjyfylffc108
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.