π° News Alert...
π Title: Bitcoin Faces a Hidden "Supply Wall" at $93,000, Creating a Ceiling No Rally Can Break Right Now
ποΈ Published: 2025-12-17
π Summary: Bitcoin experienced a dramatic $3,000 surge in just one hour on December 17, briefly reclaiming $90,000 as $120 million in short positions were liquidated. However, this was quickly followed by a sharp decline to $86,000, triggered by the liquidation of $200 million in long positions. This volatile swing caused a $140 billion market-cap fluctuation within two hours, driven largely by excessive leverage. Despite this rollercoaster, analytics from Glassnode reveal a hidden "supply wall" at around $93,000, imposing a strong resistance level that currently limits any sustained rally. This insight highlights the complex dynamics of Bitcoin trading and the challenges for investors navigating leveraged markets.
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https://cryptoslate.com/bitcoin-is-facing-a-hidden-supply-wall-at-93000-that-creates-a-ceiling-no-rally-can-break-right-now/
ποΈ Source: CryptoSlate
π #Bitcoin #CryptoMarket #BlockchainAnalysis
