Bitcoin Hovers Near $81K as Analysts See Potential Market Bottom
- —Bitcoin fell below $81,000, down more than 1% on the day
- —Market-wide liquidations dropped to $290 million from $929 million
- —Bitcoin liquidations totaled $56 million versus $214 million a day earlier
- —The MVRV Momentum Oscillator turned positive at $83K, a signal that historically marked cycle bottoms
Why it matters: If the Glassnode and MVRV signals hold, the $80,000 zone could mark a local bottom and an entry point for buyers.
Source: Bitcoin.com