Bitcoin traders eye $93.5K liquidation sweep after Fed holds rates
Bitcoin retreated from intraday highs after the US Fed left interest rates unchanged, but futures market data suggests traders may attempt to seize the short liquidity in BTC’s $93,500 range.
Bitcoin (BTC) retreated from intraday highs following the US Federal Reserve’s decision to hold interest rates steady, yet futures market data shows traders eyeing a possible push toward $93,500, a level packed with more than $4.5 billion in short-side liquidity.
Key takeaways:
Over $4.5 billion in BTC short liquidations sit near $93,500, making it a possible stop-hunt level for traders.
