Bitcoin has surged back to the $90,000 mark this week, driven by $1.4 billion in liquidations and thin liquidity conditions. The cryptocurrency experienced sharp price swings as traders unwound leveraged positions, with both Bitcoin and Ether attracting significant attention at key support and resistance levels. Institutional investors showed a preference for Bitcoin and Ether, while retail traders shifted away from altcoins. The market remains focused on value investing as participants navigate thin order books and volatility driven by derivatives.
Bitcoin Surges to $90K Amid $1.4 Billion in Liquidations
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
