Bitcoin (BTC) came under renewed selling pressure following a cascade of long liquidations and a key technical breakdown. After testing resistance at the $115,600 pivot point, BTC failed to hold momentum, triggering a sequence of automated sell orders that pushed the price lower. Market narratives are just as important as technical levels—when fear dominates headlines, perception often accelerates market moves. Agencies like Outset PR specialize in helping crypto businesses navigate such volatile environments by shaping stories that sustain visibility, manage sentiment, and highlight product-market alignment even during downturns. Technical Breakdown: A Bearish Signal Source: coinmarketcap BTC fell below the 23.6% Fibonacci retracement level ($115,923), a move that signaled to many technical traders that bullish momentum was weakening. The 14-day RSI cooled to 56.96, retreating from overbought conditions and highlighting a loss of buying strength. Pivot rejection: $115,600 proved too strong a barrier. Support: The next critical level lies at the 38.2% Fibonacci retracement ($114,270). Risk: A sustained close below this zone could extend losses toward the $111,000 mark. Invalidation: Only a reclaim of $115,600 would nullify the bearish setup and restore bullish structure. In short, the market structure has shifted toward caution, with traders closely watching whether BTC can defend support or spiral lower. Liquidation Cascade: $81M in Longs Wiped Out The technical rejection coincided with a wave of over $81 million in long BTC positions liquidated within 24 hours. The move was part of a larger market-wide shakeout that erased $680 million in leveraged positions across crypto assets. Forced selling amplified downside volatility, creating a self-reinforcing loop as liquidations triggered further declines. Despite the flush, open interest rose 4.14%, suggesting that traders are quickly rotating into short positions or hedging against additional downside risk. This dynamic highlights how leverage remains a double-edged sword for Bitcoin: fueling rallies when sentiment is strong, but intensifying drawdowns when confidence cracks. Beyond Prices: Why Narrative and Visibility Matter Events like Bitcoin’s $81M liquidation cascade show how quickly sentiment can turn in crypto markets. For projects and businesses, this volatility poses a challenge: how to keep their story visible, relevant, and aligned with growth goals even when market fear dominates. This is where Outset PR delivers an edge. Unlike agencies that rely on mass-blast outreach and generic packages, Outset PR provides data-driven, handcrafted campaigns designed to fit each client’s stage and objectives. Its proprietary traffic acquisition technology fuses editorial placements with SEO and lead-generation tactics, driving multiples more traffic than conventional PR. Example: Outset PR helped ChangeNOW achieve a 40% sustained boost in reach by amplifying polished organic coverage with a large-scale Google Discover campaign. Example: For Step App, careful media targeting based on traffic analytics increased engagement in the U.S. and U.K. By consistently tracking media trends, domain visibility, and audience shifts, Outset PR ensures clients don’t just get coverage—they gain impactful visibility that moves the needle. What to Watch Next Support at $114,270: If this level fails, the path toward $111,000 becomes more likely. Reclaim of $115,600: A decisive move back above this pivot would shift momentum back to the bulls. Leverage buildup: Rising open interest in a falling market suggests short positioning, which could either deepen the selloff or set up conditions for a short squeeze if sentiment flips. Bottom Line Bitcoin’s rejection at $115,600 and the subsequent $81 million liquidation of long positions highlight the fragility of short-term momentum. With technicals pointing to cooling strength and forced selling amplifying volatility, BTC risks further losses unless it reclaims key resistance. For crypto projects, the lesson is clear: when markets are turbulent, narrative visibility becomes just as important as technical levels. With Outset PR’s tailored strategies, proprietary traffic systems, and data-backed media selection, businesses can ensure their story not only withstands market volatility but stands out in it. You can find more information about Outset PR here: Website: outsetpr.io Telegram: t.me/outsetpr X: x.com/OutsetPR Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
