Bitcoin Slips Below $83K Amid Liquidity Hunting

Bitcoin's price dropped below $83,000 as traders continued to hunt for liquidity, preventing bulls from targeting the yearly open.

The move comes as market participants remain cautious about the cryptocurrency's prospects despite recent gains. The yearly open refers to the price at which Bitcoin started the year, and it appears that bulls are struggling to push the price above this level.

Liquidity hunting is a strategy used by traders to take advantage of price movements by buying or selling assets when there is a high volume of transactions. In this case, the liquidity hunters seem to be having an impact on the market, preventing the bulls from achieving their goal.