Heavy sell pressure pushes Bitcoin back under $94,000

Growing liquidations and subdued sentiment are keeping Bitcoin under pressure, with analysts unsure whether the market has reached a bottom.

Bitcoin slipped below $94,000 as selling intensified, triggering hundreds of millions in liquidations and raising fresh concerns about whether the market has reached a stable floor.

Bitcoin’s price continued to weaken after dipping under $94,000, extending a retreat that has now erased nearly $190 billion from its market value over the past week. Trading volumes remained high, yet sell pressure dominated as the asset struggled to reclaim momentum.

Market data showed more than $394 million in crypto liquidations over the past 24 hours, with the majority coming from long positions. Sentiment stayed uneasy as Bitcoin hovered close to the $94,000 mark, offering little reassurance to traders seeking signs of stability.

Analysts remain divided on whether the current zone represents a potential floor or a pause before further declines. Traders noted that fresh catalysts will be needed to support any sustained recovery as liquidations rise and volatility deepens.

Bitcoin’s recent swings have left market participants split between bargain hunting and preparing for another downturn. Precise data and level-headed decision-making appear more valuable than hype as the market navigates its latest correction.

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