This led to a massive $1 billion liquidations in the past 24 hours while a huge amount of BTC flooded the exchanges
Presently, BTC’s price has regained its position above $31,500 but still appears to be in a pretty trembled condition as it got rejected at $32,658.
On the other hand, the levels between $31,616 and $32,560 are one of the crucial resistance for the asset, as nearly 105.66K BTC have been bought by 266.03K addresses. And hence if these levels are broken, the price is expected to get rejected
Therefore, the BTC may remain highly consolidated below these levels, until it gets a larger boost to surpass the $32,600 levels