Bitfinex Analysts See $79,000 Breakeven Barrier After $766M BTC Liquidations on May 23

Bitcoin slid nearly 10% to $74,027 on May 23 after a $766 million liquidation event hit leveraged positions, then rebounded to reclaim its monthly open. Bitfinex analysts say the bounce has struggled near the weekly open, with $79,000 framed as a heavy breakeven resistance level that could cap a near-term recovery.