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Bitcoin's drop triggers $1.46B liquidations; Bittensor (TAO) hits key support, potential buy if market steadies.

Technical Signals
10 Jun 2026
AMBCrypto
View Source
Neutral
pluang ai news

Bitcoin fell to $59,130 on June 5, causing $1.46 billion in long position liquidations and widespread crypto market panic. Meanwhile, Bittensor (TAO) reached a critical long-term support level around $194, showing potential for a bullish rebound if Bitcoin stabilizes. However, bearish volume indicators and weak capital inflows suggest caution, with traders advised to wait for stronger demand before buying. The next resistance zone near $300 could spark a recovery if buying interest returns.

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