Bitcoin managed to keep its head above water on Friday, sticking around the $112,000 level even though most traders seemed pretty unsure about what comes next. The price bounced between $109,347 and $111,723 throughout the day, which tells you that nobody really knows where this thing is heading in the short term.
What’s interesting is that Bitcoin actually gained a bit of ground, ending up around $112,572 with a small 0.65% increase. That’s not bad when you consider how nervous everyone seems to be about everything else going on in the world right now.
The real drama happened with all those liquidations though. Nearly $300 million worth of leveraged trades got completely destroyed in just one day. Ethereum traders got hit the worst, losing about $97 million, while Bitcoin positions lost another $54 million. These are the people who borrowed money to bet big and got burned when prices moved against them.
Some experts think Bitcoin might struggle when it gets close to $113,500 because that’s where a lot of selling usually happens. On the flip side, the mining network is stronger than ever, which usually means people are still pretty optimistic about Bitcoin’s future even if the day-to-day trading feels uncertain.
Ethereum’s having its own problems, trading around $4,400 and basically going sideways for now.
Conclusion
Bitcoin held steady above $111,000 despite massive crypto liquidations totaling $300 million, with Ethereum facing critical resistance levels ahead of potential price movements.
Also Read : Bitcoin Whale Shifts
