Bitcoin experienced a $5.39 billion liquidation, the largest on record, but rebounded by 8.50% after hitting a low of $103,000. The drop was less severe than previous corrections, with the price down 11% from its record high. Technical indicators suggest a potential rally in the coming days or weeks.

Medium-sized Bitcoin holders, or “sharks,” aggressively bought the dip, with the Shark Net Position Change hitting its highest level since 2012. Despite the price drop, the supply held by this group reached a record high in 2025, indicating confidence among experienced investors. This buying trend could lead to a significant recovery.

Bitcoin’s Bollinger Bands are still “squeezing,” suggesting the recent correction may be a mid-cycle cooldown rather than the start of a bear market. Previous bull cycles peaked when the bands fully expanded, but they are currently narrowing, indicating the potential for further price rallies based on historical patterns.

Read more at CoinTelegraph: Three Bitcoin Price Charts to Watch After Record $5.39B BTC Liquidation