Bitcoin buyers build bids at $105K as crypto market meltdown nears conclusion

Deep Bitcoin bids below $105,000 signal a market cleanup phase following last week’s historic liquidation event. After the dip-buying ends, will BTC reclaim $117,500?

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💡 DMK Insight

The presence of deep Bitcoin bids below $105,000 suggests that investors are positioning themselves for a potential rebound after the recent liquidation turmoil. This highlights a critical juncture for BTC; if it can reclaim the $117,500 level, it may signal renewed confidence in the market. However, the lingering effects of the liquidation could also temper bullish sentiment, making it essential for traders to watch for signs of sustained buying pressure before committing to long positions.