The bitcoin price is hovering near a key resistance level with $450 million in sell orders overhead as liquidations surge and derivatives data signal caution. Bitcoin is testing a dense sell wall around $76,000, with traders split between shorting resistance and defending against a breakout above liquidation levels. Futures activity is heating up, with volume and open interest rising alongside a 140% jump in liquidations, hinting at mild short-squeeze dynamics. Altcoins are lagging as traders l…
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