Bitcoin (BTC) Price Consolidates Below the $87,000 Mark, Despite a 0.8% Dip

Bitcoin continues to show signs of price consolidation, with its value hovering just below the $87,000 mark.

Bitcoin (BTC) price is continuing to show signs of consolidation as it trades just below the $87,000 level.

Bitcoin Price Today, March 27

As of today, March 27, BTC is trading at approximately $86,990, reflecting a 0.8% decline over the past 24 hours.

Despite the slight dip, the broader picture shows that Bitcoin has stabilized above $85,000 for several consecutive sessions, signaling a pause in the strong upward or downward momentum observed in previous weeks.

Long Liquidation Indication For The Market

While volatility appears subdued, market dynamics remain active behind the scenes. CryptoQuant contributor Amr Taha recently provided insights into Bitcoin’s latest market structure, highlighting a key development: the liquidation of $359.7 million worth of long positions.

This event has drawn attention to potential shifts in sentiment and important technical levels that may act as support or resistance in the short term.

According to Taha, a long liquidation occurs when traders holding leveraged long positions are forced to close their trades after the price drops below their margin thresholds. When this happens at scale, as seen recently, it reflects a sudden change in sentiment and often forces short-term sell-offs.

However, Taha points out that such events can also set the stage for a potential market rebound, as many overleveraged positions are cleared, giving space for new demand to emerge.

Liquidation event of $359.7M in long positions

“If BTC holds above the short-term realized price, it suggests strength in demand. A breakdown below these levels might indicate a potential reversal or correction.” – By Amr Taha

Full post https://t.co/SW9e16kofW pic.twitter.com/0YR9rfreGa

— CryptoQuant.com (@cryptoquant_com) March 27, 2025

Bitcoin UTXO Metrics Paint a Mixed Picture

Complementing this observation is Bitcoin’s realized price distribution by UTXO age bands. Taha notes that Bitcoin’s current market price remains above the realized price for UTXOs aged 1 day to 1 week, indicating that recent buyers are holding unrealized profits.

Meanwhile, UTXOs in the 1-week to 1-month range have their realized price at around $84,740—a level that could serve as technical support if Bitcoin drops in the near term. This confluence of short-term holder profitability and support at $84K may factor into the next price move.

If Bitcoin manages to stay positioned above these realized price zones, it suggests that strength in demand continues to push the price up. But if the price dumps and falls notably below these thresholds, it could indicate a shift to greater selling pressure or a broader correction phase.

While the liquidation of long positions and UTXO age metrics offer some insight into market sentiment, Taha’s conclusion that there’s a possibility for the price to either fall or continue rising gives more reason to remain cautious.

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