A concentrated liquidity pocket below $59,000 raises the chance of a Bitcoin price sell-off to new 2026 lows, but data suggests bulls will absorb the dip.
Bitcoin (BTC) is once again approaching its yearly low near $59,000 after a failed recovery attempt left bulls unable to reclaim key resistance levels. BTC traders are now anticipating new lows for 2026 as the price drifts back toward a major support zone.
However, exchange inflows from mid-sized investors across Binance and Coinbase recently dropped to their lowest levels since April 4, easing further selling pressure.
Liquidation data also shows more than $4 billion in leveraged positions concentrated near the $59,000 level, a setup that may lead to a downside liquidity sweep before a recovery rally towards the $68,000 range.
Read more
If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.
If you want to read more News articles, you can visit our General category.
