BTC Price Dips Below the $32K

Bitcoin failed to gain momentum over the past 24 hours and dropped almost below $31K as the broader crypto market struggled to rebound. According to a tweet from respected trader Byzantine General, retail investors are cashing in on the decline by consistently short squeezing the flagship cryptocurrency. This trend might spark some panic selling in the market, pushing prices closer to the much-awaited bitcoin bottom. Responding to Byzantine general’s outlook on the bitcoin market, one Twitter user wrote: “Chances of…