Understanding Bitcoin's Dip Below $60K
Bitcoin has recently seen a downturn, sliding below the significant $60,000 mark. For those not familiar, Bitcoin is a type of digital currency, often called a cryptocurrency, which means it's a form of money that utilizes blockchain technology for its operations. Analysts and traders are constantly on the lookout for patterns and signals that might hint at where Bitcoin's price is headed next. One such tool they use is a liquidity heatmap, a visual representation that shows where large orders and potential liquidations might occur in the market.
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