Bitcoin Faces $95,000 Challenge After $655M Liquidation Event

Bitcoin’s attempt to break through the $95,000 resistance level was abruptly halted by a significant sell-off, resulting in nearly $655 million in long liquidations. The event unfolded across major exchanges like Binance and Deribit, prompting uncertainty within the market. Institutional investors are playing a key role in shaping Bitcoin’s price stability and depth, while long-term holders clustered near the $95k level have contributed to heightened volatility.