Bitcoin stabilization
Bitcoin has stabilized at $107,500 following a $19 billion market liquidation, but it continues to encounter on-chain resistance and economic uncertainties. The cryptocurrency market has experienced significant volatility, with the recent liquidation impacting investor sentiment. Despite the current price stabilization, institutional demand for Bitcoin remains cautious. Market analysts suggest that ongoing economic uncertainties may hinder stronger institutional investment in the cryptocurrency space. Additionally, the resistance observed on-chain indicates challenges for Bitcoin’s price movement in the near future.
