Bitcoin traders expect new lows but data cautions against overly bearish bias
A concentrated liquidity pocket below $59,000 raises the chance of a Bitcoin price sell-off to new 2026 lows, but data suggests bulls will absorb the dip.
Bitcoin (BTC) is once again approaching its yearly low near $59,000 after a failed recovery attempt left bulls unable to reclaim key resistance levels. BTC traders are now anticipating new lows for 2026 as the price drifts back toward a major support zone.
However, exchange inflows from mid-sized investors across Binance and Coinbase recently dropped to their lowest levels since April 4, easing further selling pressure.
Liquidation data also shows more than $4 billion in leveraged positions concentrated near the $59,000 level, a setup that may lead to a downside liquidity sweep before a recovery rally towards the $68,000 range.