Bitcoin experienced a brief pullback of 2.74% in the past 24 hours, but has since returned to trading at $95,500. The drop resulted in market liquidations exceeding $200 million and raised concerns of a major crash. However, technical indicators suggest that the BTC price may recover and continue its bullish momentum. Bitcoin spot ETFs in the US recorded a net outflow, with Fidelity being the biggest seller of the day. On the other hand, the BTC long/short ratio indicates a spike in bullish positions. Bitcoin traders remain optimistic, and if the price closes below $94,633, further drops are likely, possibly revisiting the $90,000 level.



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