Bitcoin Battles $93,000 Resistance as Liquidations Top $138M and Whales Reduce Holdings

On Friday, Bitcoin once again failed to break through the $93,000 resistance level and reversed lower, with derivatives liquidations climbing above $138 million and long positions taking most of the hit. Analysts highlighted $86,000 and the $78,000–$80,000 zone as key downside areas, while on-chain data showed large holders have offloaded about 170,500 BTC over the past year and recent U.S. spot ETF outflows added extra pressure.