Bitcoin has fallen below $96k as BTC miners sell off over 2,000 BTC. The market has experienced over $200 million in liquidations, with long-side traders losing $134.34 million. The Bitcoin price trend reveals a failure to cross above resistance and is approaching a critical support level at $94,393. Technical indicators are slightly bullish, but the decline in miner reserve and increased supply could put downward pressure on BTC. If institutional buying doesn't pick up, Bitcoin may break below the support level and retest the $90,775 level. However, if U.S. spot ETFs show strength, there is potential for a breakout above resistance.



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