Bitcoin price slips to $93K as liquidations soar and long-term BTC holders take profit 📉
The recent decline in Bitcoin's price to $93,000 is largely attributed to rising liquidations and profit-taking from long-term holders.
This sell-off is being driven by long liquidations and the inclination of long-term Bitcoin investors to cash out their profits.
The market is now waiting to see when dip buyers will re-enter and potentially stabilize the price.
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