CandleFocus Bitcoin Slips Below $96K as Market Sees Increased Trading Activity
2025-02-19
Author: Content Editor
The price of Bitcoin (BTC) fell below $96,000 and hovered around $95,000 on Tuesday morning. Despite an increase in trading volume, BTC is experiencing downward pressure. The cryptocurrency has fluctuated within a range of $95,118.38 to $96,900.02, indicating a struggle to reclaim higher levels. Trading volume has surged by 20.87% to $28.17 billion, but sellers continue to exert pressure on the market. BTC dominance has risen to 61.24%, suggesting investors are shifting away from riskier altcoins. Futures market activity has seen an uptick, with BTC futures open interest increasing. Liquidations suggest that overleveraged long traders were caught off guard. The market remains uncertain, with the next major move for Bitcoin likely depending on whether bullish sentiment can regain traction in the coming days.
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