traditionally remains in first place with $200 million worth of orders liquidated. Second place is also traditionally taken by Ethereum, and third place goes to a newcomer, ApeCoin, which provided $12 million in liquidations.
Following the drop below the ascending range, Bitcoin is swiftly moving down while looking for the next support that is yet to be determined by the cryptocurrency market. Some traders are betting on a reversal around $33,500, according to TradingView.The zone correlates with the beginning of the previous short-term rally on Jan. 24. The next technical resistance is the 200-week moving average, which currently sits at around $27,000.
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