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Bitcoin oscillates around $80,000 as it fights to extend rally
Bitcoin briefly dipped under the key $80,000 level, but reclaimed it shortly after, once again trading in a tight range. Bitcoin ETFs reverting to outflows and uncertainty about Iran continue to put pressure on risk assets. Dean Chen, a Bitunix analyst, told Sherwood News that according to liquidation heat maps, significant liquidity is concentrated around the $78,000 zone, meaning a breakdown below this area could trigger further liquidation pressure. At the same time, he said, dense short liquidity remains stacked between $82,000 and $83,000, highlighting that the market is still trapped in a pronounced tug-of-war ... (full story)
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