Bitcoin's recent sell-off from its all-time high of $124,474 caught traders off-guard, resulting in significant long liquidations, yet bulls are seen buying the dip. Profit-taking at new highs is common among traders, but the 6.72% correction below $115,000 was deeper than expected. Analysts predict potential decline to $110,000. Liquidity dynamics have driven price action, particularly during weekends when liquidity is more vulnerable to 'liquidity grabs'. Supply amid strong institutional investor demand has fueled recovery, despite a reduction in order flow during weekends. Open interest has reportedly increased around the same time that liquidity was swept, creating good support as both longs and shorts are active in that region. Overall, institutions have remained active, outweighing supply and contributing to market stability.

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