In the past three days, the Bitcoin market has witnessed a dramatic $90 million in long liquidations, pushing Bitcoin’s price to a precarious $60,919. With a 5% decline over the same period and a minor intraday dip of 0.25%, the critical $60,000 support level is now under significant threat. This recent downturn highlights the volatility and rising bearish dominance over Bitcoin and warns of a drop to $57,000.
