Bitcoin ‘liquidity zones swept’ but uptick in open interest hints at BTC recovery

Bitcoin’s sharp sell-off caught many traders off-guard, intensifying the rate of long liquidations, but data shows bulls stepping in to buy the dip.

Key points: 

Profit-taking near Bitcoin’s range highs aligns with traders’ previous reaction to new all-time highs. 

Dip-buying near key liquidation zones and consistent institutional investor demand suggest the sell-pressure won’t last long. 

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