Bitcoin has entered a consolidation phase after not managing to break its all-time high recently. This has left investors and traders anticipating its next significant movement. The cryptocurrency is currently trading just below its previous peak, representing a temporary pause in momentum.
Data from CryptoQuant highlights a recent rise in long liquidations, shedding light on underlying market conditions. Market participants are speculating whether this trend signifies a liquidity reset or points towards a potential deeper retracement in Bitcoin's pricing.
As Bitcoin remains in this state, investors are closely watching for signals or trends that might indicate its future direction. This environment is generating a mix of anxiety and anticipation among bullish traders.
