Bitcoin Net Taker Volume Drops to Nearly -$100 Million on Binance

Bitcoin's price has struggled to maintain momentum after approaching its all-time high. Last week, it briefly fell below $103,000 amid a broader market decline.

Key points include:

Bitcoin experienced over $160 million in long liquidations, particularly on Binance, following a drop to around $102,500.
Analyst Amr Taha indicates a potential for more stable price action due to the clearing of a significant liquidation cluster.
The Net Taker Volume dropped to nearly -$100 million, suggesting aggressive selling outweighed buying during the liquidation event.
Panic selling by retail traders may have contributed to the increased sell orders as Bitcoin dipped below $103,000.
Taha believes these conditions could set the stage for healthier price movements as Bitcoin stabilizes above key support levels.

Currently, Bitcoin is priced at approximately $103,450, showing a decline of over 1% in the last 24 hours.