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Bitcoin price update: If it falls below $114,000, Bitcoin will face the risk of long liquidation of $657 million

Source: CoinWorld
Bitcoin once hit $116,181 and then fell back below $115,000, facing strong resistance around $116,500. Analyst Doctor Profit noted that retail investors fell into a loss after buying between $117,000 and $122,000, while Whales sold $13 billion of BTC in 30 days, the biggest sell-off since July 2022. Coinglass data shows that BTC has liquidated $45 million and if BTC falls below $114,000, the bulls will face a risk of $657 million in losses. ETF inflows have slowed to 500 BTC per day, with demand decreasing. Doctor Profit recommends taking profits above $115,000 and watching if it breaks through $116,750 with a target price of $122,000 or below $114,400 with a risk of $112,000.
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