Bitcoin is trading at $111,786.6, remaining below the $112,000 mark amid a consolidation phase following a $1.5 billion liquidation event earlier this week. The cryptocurrency market is experiencing a period of adjustment as traders assess recent volatility. In other developments, the Pudgy Pandas (PANDA) presale has successfully raised over $3.3 million since its launch on September 15, attracting significant interest, particularly from Asian investors. This presale success highlights the growing enthusiasm for new crypto projects in the region. Additionally, Jiuzi Holdings (JZXN), based in China, has announced a new investment policy that allows for up to $1 billion in allocations to Bitcoin, Ethereum, and BNB, indicating a rising institutional interest in digital assets.