Bitcoin Drops Below $100K Amid Significant Deleveraging Events

Bitcoin faced selling pressure after surpassing $100K, dropping to $92,500 within three days. This decline raised concerns about market stability and Bitcoin's momentum.

Between January 6 and 7, Bitcoin fell from $102K to $100K due to liquidations, marking the largest deleveraging of the week.
Bears capitalized on the situation, pushing Bitcoin further down to $92K.
Currently, BTC has rebounded to $95K, showing potential resilience at this support level.
A 9K BTC reduction in open interest does not indicate market pressure easing.
Key resistance levels are set at $98K and $100K, crucial for confirming bullish momentum.
If Bitcoin fails to hold above $95K, it may face deeper consolidation or test lower demand zones.

Investors are closely watching these critical price levels for indications of Bitcoin's next move. A breakout above $100K could restore bullish sentiment.