Bitcoin price is down, but data signals that $30K and above is the path of least resistance By Cointelegraph

On July 24, experienced a flash crash, plummeting to $29,000 in a movement now attributed to significant Bitcoin holders potentially liquidating their positions.

Amid the crash and market uncertainty, Bitcoin’s (BTC) three major trading metrics continue to project a bullish outlook, signifying that professional traders have not reduced their leverage longs through the use of margin and derivatives.