Bitcoin plunged from $98,500 to $95,500, causing $500M in futures liquidations, mainly impacting smaller cryptos. Despite the drop, analysts remain bullish, predicting a future $100,000 price.
BTC's order book shows executed bullish flow isn't being replenished, leaving sellers in a more dominant position, according to data tracked by FalconX. The overall market depth has weakened amid the price rally.
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