Bitcoin price dips to the $25,100 range with $820 million long positions liquidated across the market

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Bitcoin (BTC) price dipped below critical levels to test its range low during the afternoon hours of the US session. The slump was accompanied by heav

Pullback gives retail traders an opportunity to step inis $26,777 following the retraction, representing a 7% pullback from the intra-day low of $25,166. The pullback seems to have given retail traders a chance to step in after being sidelined. The Relative Strength Index moving north points to rising momentum, possibly because of FOMO , and could see the market change direction.

Token launches like Arbitrum’s ARB airdrop and Optimism OP influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods.

 

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