Bitcoin is currently seeking liquidity around $106,000 as traders speculate on a possible price recovery. There is significant support down to $97,000, which may help the price hold. Some profit-taking is happening, but it is not as intense as seen during previous market tops. After the June 3 Wall Street open, Bitcoin's price action flipped from earlier losses, countering concerns about testing the $100,000 support level. Popular trader Daan Crypto Trades noted the presence of many positions on both sides of the market, indicating potential liquidity grabs above and below the current price. Data indicates about $263 million in bid liquidity is set down to $97,750, which could sustain prices despite market volatility. However, analysts question whether Bitcoin will reach new all-time highs this week without a strong volatility catalyst. Recent analysis from Glassnode reveals that despite increased profit-taking, the market has not yet reached a state of euphoria seen during prior price peaks, as most investors are still seeing average profits of about 16%.

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